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.

We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

payment methods

We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate