Raw Data: Household Income Since 1975

Just in case you’re curious, here is the growth of household income over the past 40 years:

Please note a few things:

  • I have used the PCE inflation index in order to keep all the PCE folks happy.
  • The income data comes from the Census Bureau. It is market income. It does not include food stamps or Section 8 vouchers or other social welfare payments.
  • The growth rate since 2000 has been 0.44 percent per year. This is not “stagnant.” However, it is “sluggish.”
  • Thanks to high growth since 2013 (about 4.2 percent per year) households have finally recovered the income they lost in the Great Recession. However, that is flattening out and will most likely return to the ~0.5 percent growth rate of the post-2000 era.

Anyone who wants to call income growth of 0.44 percent anything better than sluggish is welcome to do so. But if you do, your understanding of the English language is different than mine.

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

Our fall fundraising drive is off to a rough start, and we very much need to raise $250,000 in the next couple of weeks. If you value the journalism you get from Mother Jones, please help us do it with a donation today.

As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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