Changes in income, 1984-89

Article Abstract:

The US experienced economic growth between 1984 and 1989 after a year of recession in 1981. Real median family income was $13,330 in 1984 which increased to $14,303 after five years. The real gross national product grew by 3.3% every year as the 7.4% unemployment rate went down to 5.2%. Real median family income rose by 1.4% every year. The change in real median income was 0.4% yearly for those between 75-79 and 2.5% yearly for those 50 - 54 years old.

Statistics, Wage surveys, Income distribution

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Income and spending patterns for single-mother families

Article Abstract:

Single-mother families with never-married mothers as head of the family are increasing in number. The mothers are young and the families are poor. It is uncertain if the socioeconomic status of the families would improve as the mothers grow older and become employed. The future looks gloomy for these families since most of the mothers have not finished their high school studies and only half of them are presently working.

Research, Finance, Cost and standard of living, Cost of living, Income, Single-parent family, Single parent family

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