The median money income of households in the United States rose to
$15,060
in 1978, an increase of 11 percent over the 1977 median of $13,570. Although most of this increase was eroded by rising prices, the net gain in real purchasing power was still statistically significant.
What was the average hourly wage in 1978?
In 1978, the California minimum wage was
$2.65/hour
. 40 years later, it is at least $10.50/hour in Los Angeles County and, in some locations, quite a bit higher.
What was the top income in 1978?
income of
$18,060
in 1978, which represented an increase of 3 percent in real terms from 1977. The 1978 median in- come for households with a female householder ($7,060) represented a similar increase (4 percent) in real terms.
What was a good salary in 1975?
As indicated in the advance report on income, the 1975
median family income of $13,720
represented an increase of 6 percent over the revised 1974 median.
What was the average household income in 1980?
The 1980 median family income of
$21,020
was 7.3 percent higher than the 1979 median, however, a 13.5-percent increase in consumer prices between 1979 and 1980 caused a net decline of 5.5 percent in real median family income.
What was a good salary in 1970?
The median money income of families in the United States was
$9,870
in 1970, according to estimates recently released by the Bureau of the Census, Department of Commerce. This was about $440, or 4.6 percent higher than the 1969 figure of $9,430.
What was the average salary in 1979?
Money Income in 1979
The median money income of households in the United States was
$16,530
in 1979, an increase of 10 percent over the 1978 median of $15,060. However, after adjusting for the 11.3-percent increase in prices between 1978 and 1979,
1
the 1979 median was slightly lower than the 1978 median.
How much has CEO pay increased since 1978?
CEO pay has skyrocketed
1,322%
since 1978: CEOs were paid 351 times as much as a typical worker in 2020 | Economic Policy Institute.
What was a good salary in 1976?
After adjusting for the 6-percent increase in prices between 1975 and 1976,
1
the median family income in terms of constant dollars increased by $450 or about 3 percent. Unrelated individuals had a
median income of $5,375 in 1976
, about 4 percent (or $210) higher in real terms than the 1975 median.
What was a good salary in 1967?
The median income of households in the United States in 1967 was
$7,200
, whereas the mean income for households was $8,200. An estimated 11.9 million, or 19.7 percent, of the 60.4 million households in the Nation received money income under $3,000 in 1967.
How much was a house in 1975?
| Year Median Price Increase/Decrease | 1975 $41,600 20.2% | 1976 $48,630 16.9% | 1977 $62,290 28.1% | 1978 $70,890 13.8% |
|---|
How much did people earn in 1975?
In 1975, the actual minimum wage ranged from $2.15 an hour in New Brunswick to $2.75 an hour in British Columbia, with an average of $2.60. In 2013, the minimum wage ranges from
$9.95
in Alberta to $10.54 in Yukon, with Statistics Canada pinpointing the average at $10.14.
What was a middle class income in 1960?
For the country as a whole, the average (median) income of families in 1960 was
$5,600
; but, for families headed by persons 65 years and over, the average was only $2,900, according to estimates released today by the Bureau of the Census, Department of Commerce.
What was a good salary in 1980?
| Year Wage Index | 1980 $12,513.46 | 1983 $15,239.24 | 1986 $17,321.82 | 1989 $20,099.55 |
|---|
What was a good salary in 2020?
According to the Bureau of Labor Statistics (BLS), the national average salary in 2020 was
$56,310
. Though wages above the average could be seen as a good salary, there are no hard and fast rules regarding how to determine a good salary since there are many external factors involved.
What was considered middle class in 1980?
| Characteristic Lower income class Middle income class | 2000 26,496 76,819 | 1990 23,081 68,856 | 1980 21,336 61,832 | 1970 18,799 54,682 |
|---|
