Word: medians
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Dates: during 1980-1989
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...point this mutual omission became all too obvious. Lindsay trumpeted the fact that the median family income in the United States has risen by $200 over the last eight years. Kuttner responded that while the richest 30 percent of the population did gain, the bottom 70 percent lost...
...Sleds thought their troubles would be financial, not racial. Together they make $16,000 a year -- less than Melrose Park's $22,000 median family income. Donald operates an elevator in a downtown bank. Stephanie, 35, works the midnight shift as a cashier in a filling station...
Education: Saving to send even one child to college puts millions of middle- class parents on an ever accelerating treadmill. According to the Senate education subcommittee, the full annual costs at a private college come to $12,924 a student. That represents 40% or so of a median family's total income. Parents who send a son or daughter to a public college can expect to pay $5,823 this year, or almost 20% of median-family income. Many parents have two or more children in college at the same time, and the Reagan Administration has made student loans harder...
...heart of the story are runaway real estate prices and a younger generation that was unable to climb aboard before housing became so hard to afford. It would cost Peggy almost $38,000 for a down payment on a median- price house in Los Angeles, something she could not manage at her present savings rate for about 40 years. As it is, she pays $500 a month in rent, almost three times as much as her father's initial mortgage payments...
...week after taxes. (The withholding includes $32 a week in Social Security tax that will help pay for father Bob's retirement, a curious transfer of income.) Roughly two-thirds of that goes to rent, household and car expenses. She is unable to afford a private phone. With a median-price house in the area now at $188,000, she does not dream of owning...