Word: medians
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Under common mortgage-lending standards, people can pay three times their salary for a home price. $70,000 is three times a salary of $23,333, which is below the median income for rent-control tenants. So Proposition I really does provide a choice of affordable homeownership...
...fact, however, very few moderate-income renters today would be able to choose to buy their home. Carrying a mortgage on an average-priced home sucks up over half of the median income of a young family with children...
...time when Black median income in the United States is only 57 percent of the median income for whites, professional sports would seem to be a bastion of racial fairness and equity. After all, Blacks make up more than three-quarters of the NBA and more than half of the starters in the NFL. And with each year a greater number of Hispanics are becoming star players in major leagues baseball...
Statistics tell some of that story. The past decade has seen a 52% increase in the number of black managers, professionals, technicians and government officials. The gap between black and white median income is wider now than it was in the late 1970s -- largely because blacks did not recover from the last recession as completely as whites did. Still, roughly one-third of all black households have solidly middle-class incomes of $35,000 or more, compared with about 70% of all white households. Blacks manage the department stores that once rejected their patronage. They make decisions at corporations where...
...CAPTION: Median family income in 1987 dollars...