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Middle class: Income and consumption trends Heather Boushey, Economist Center for Economic and Policy Research 21 March 2006.

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Presentation on theme: "Middle class: Income and consumption trends Heather Boushey, Economist Center for Economic and Policy Research 21 March 2006."— Presentation transcript:

1 Middle class: Income and consumption trends Heather Boushey, Economist Center for Economic and Policy Research 21 March 2006

2 Figure 1. Changes in income share by economic class Source: U.S. Census Bureau, Historical Income Tables, Table H2 http://www.census.gov/hhes/www/income/histinc/h02ar.html. http://www.census.gov/hhes/www/income/histinc/h02ar.html

3 Figure 2. Growth in inflation- adjusted family income Source: U.S. Census Bureau, Historical Income Tables, Tables F1 & F5 http://www.census.gov/hhes/www/income/histinc/. http://www.census.gov/hhes/www/income/histinc/

4 Figure 3. Inflation-adjusted median family income Source: U.S. Census Bureau, Historical Income Tables, Tables F1 & F5 http://www.census.gov/hhes/www/income/histinc/. http://www.census.gov/hhes/www/income/histinc/

5 Figure 4. The “two-income trap” Source: Warren and Tyagi, 2005. The Two-Income Trap, p. 51.

6 Table 1. Relative mobility, Comparing 1969-79 & 1988-98 Quintile at beginning of period Quintile at end of period Bottom 1969-79 Bottom 1988-98 Top 1969-79 Top 1988-98 Bottom49.4%53.3%3.3%4.3% Second23.225.77.74.3 Middle10.210.918.712.6 Fourth9.96.523.725.8 Top5.03.049.153.2 Source: Bradbury and Katz, 2002.

7 Figure 5. Annual hours of work in married families, 1979 & 2000 Source: Mishel, Bernstein, and Allegretto, 2004.

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