1Income & Wealth• How many know family’s income?• Paper, no name. 1) Your estimated family income, 2000. 2) What you think the median family income is.Median Household income by race2Median Household Income over time, by raceIndiv Income by race, educ, sex 1999Income Full-Time Workers 199910000200003000040000500006000070000lt 9 9-12 HS grad somecollegeAA BA MABlack Male Hisp Male White NH Male Black Female Hisp Fem ale White NH FemaleWhite menBlack menHispanic menWhite womenHispanic womenblack womenSource: US Census Bureau data for 1999, CPS3Poverty by race over timePovertyPercent of Families In Poverty0510152025303540All Marr.Couple Male Head Female HeadAsian & PI White NH OtherSource: US Census Bureau data for 1999, CPS4Mean Household Income, by Quintile0200004000060000800001000001200001400001600001st 2nd 3rd 4th 5th•1st$10,188•2nd$25,331•3rd$42,359•4th$65,727•5th$141,621Source: US Census Bureau data for 2000, CPSCutoffs for Household IncomeQuntiles, 2000• Bottom 20%: below $17,950• Next Lowest 20%: below $33,005• Middle 20%: below $52,272• Next Highest 20%: below $81,960• Top 20%: over $81,960• Top 5%: Over $145,526Source: US Census Bureau data for 2000, CPS5Income by race, menMale Full Time Workers0.05.010.015.020.025.01250 3749.5 7499.5 12499.5 17499.5 22499.5 29999.5 42499.5 62499.5 90000Individual Earnings of Full Time WorkersAsian & PIWhite NHOtherIncome by race, womenFem ale Full Tim e Work ers0.05.010.015.020.025.030.01250 3749.5 7499.5 12499.5 17499.5 22499.5 29999.5 42499.5 62499.5 90000Individual Earnings of Full Time WorkersAsian & PIWhite NHOther6Income by race, sexFull Tim e Worke rs0.05.010.015.020.025.030.01250 3750 7500 12500 17500 22500 30000 42500 62500 90000Individual Earnings of Full Time WorkersAsian & PI Male White NH Male Other Male Asian & PI Female White NH Femlae Other FemaleFemale/male earnings over time7Wisc poverty wagesSource: Center on Wisconsin Strategy, www.cows.orgWisc Taxes8Sources for Following Slideswww.inequality.orgpulls together statistics from a variety of official sources which are documented on their web page Source: inequality.org. Source: Edward N. Wolff, "Recent Trends in Wealth Ownership, 1983-1998," April 2000. Table 2. Available on the website of the Jerome Levy Economics Institute at www.levy.org/docs/wrkpap/papers/300.htmlDistrib of net worth9Source: Edward N. Wolff, "Recent Trends in Wealth Ownership, 1983-1998," April 2000. Table 3. http://www.levy.org/docs/wrkpap/papers/300.html inequality.orgQuintile change in net worth 1983-98Home OwnershipHomeOwnership0%10%20%30%40%50%60%70%80%1983 1989 1992 1995 1998White African-American Hispanic10Net WorthMedian Family Net Worth$0$10,000$20,000$30,000$40,000$50,000$60,000$70,000$80,000$90,0001983 1989 1992 1995 1998White African-American HispanicFinancial WealthMedian Family Financial Wealth$0$5,000$10,000$15,000$20,000$25,000$30,000$35,000$40,0001983 1989 1992 1995 1998White African-American
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