Tuesday, September 17, 2013

Asians Have Highest Household Median Income: All Household Groups Below Pre-2001 Level

From The Wall Street Journal, Real Time Economics, "Asian Households Have Highest Income, Blacks the Lowest"
Among the race groups, Asian households had the highest median income in 2012 ($68,636). The median income for non-Hispanic White households was $57,009, and it was $33,321 for Black households. For Hispanic households the median income was $39,005. The real median incomes in 2012 of non-Hispanic White households, Black households, Asian households, and Hispanic-origin households were not statistically different from their respective 2011 medians.

median household income
Source: The Wall Street Journal

The real median household income for each of the race and Hispanic-origin groups have not yet recovered to their pre-2001 recession median household income peaks. Household income in 2012 was 6.3 percent lower for non-Hispanic Whites (from $60,849 in 1999), 15.8 percent lower for Blacks (from $39,556 in 2000), 7.7 percent lower for Asians (from $74,343 in 2000), and 11.8 percent lower for Hispanics (from $44,224 in 2000).

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