The Rising Instability of American Family Incomes, 1969-2004

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Via ourfuture.org: This presentation by the Economic Policy Institute shows the extent and impact of income instability now experienced by households, especially since 2000. Uploaded by Campaign for America's Future.

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The Rising Instability of American Family Incomes, 1969-2004 Jacob S. Hacker* Yale & New America Foundation Elisabeth Jacobs Harvard & Brookings Institution *with the assistance of Frank Limbrock and Nigar Nargis

Source: MetLife American Dream Survey, November 2006.

“ Compared to 10 years ago, do you think Americans today have…” Source: Rockefeller Foundation American Worker Survey, February 2007.

Cumulative Growth in Family Income Volatility Since 1973

Percentage of Working-Age Americans for Whom Family Income Declined by at Least 50 percent

Average Family Income Volatility by Education Level and Time Period

Source: Congressional Budget Office, Effective Federal Tax Rates, 2007. Average Income (After taxes; 2005 dollars)

Would you prefer “the stability of knowing your present sources of income are protected” or “the opportunity to make more money”? INCOME SECURITY MORE MONEY Source: George Washington University Battleground Survey, March 24, 2005.

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The Rising Instability of American Family Incomes, 1969-2004

1. The Rising Instability of American Family Incomes, 1969-2004 Jacob S. Hacker* Yale & New America Foundation Elisabeth Jacobs Harvard & Brookings Institution *with the assistance of Frank Limbrock and Nigar Nargis

2. Source: MetLife American Dream Survey, November 2006.

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4. Cumulative Growth in Family Income Volatility Since 1973

5. Percentage of Working-Age Americans for Whom Family Income Declined by at Least 50 percent

6. Volatility of Male Heads’ Earnings

7. Average Family Income Volatility by Education Level and Time Period

8. Source: Congressional Budget Office, Effective Federal Tax Rates, 2007. Average Income (After taxes; 2005 dollars)

9. Would you prefer “the stability of knowing your present sources of income are protected” or “the opportunity to make more money”? INCOME SECURITY MORE MONEY Source: George Washington University Battleground Survey, March 24, 2005.