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Median Household Income by Type of Household & Home Equity

 

MORTGAGE DEBT EXCEEDS HOME EQUITY BY $308 BILLION

The dramatic two fold increase in mortgage debt in the last decade, from $3,042 billion in 1993 to $6,271 billion in 2003, does not bode well for American households.  This $3,229 billion increase in mortgage debt is greater (by $308 billion) than the entire $2,921 billion net worth of all 63 million American homeowners in 1993 reported by T. J. Eller in the Current Population Reports issued by the US Census Bureau in September 1995.  Adding to this the nightmares of $2 trillion in consumer credit, an amount almost twice the $1.3 trillion in savings institutions (Table 1140 of the 2002 US Statistical Abstract), our status as the only industrialized nation with a negative personal savings rate, and the recent $7.2 trillion loss in the stock market, the sheer concept of private property ownership as defined by our Founding Forefathers becomes a fleeting dream for our children and our Forefathers' posterity.

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PER HOUSEHOLD: LOCAL, STATE, AND FEDERAL SPENDING EXCEEDS MEDIAN INCOME

In 1996, there were 101,081,000 American households with median incomes of $35,172.  The 2002 US Statistical Abstract, Table 416 shows that state and local governments spent $1,720,889,000, of which $255,048,000 came from federal government and $1,465,841,000 came from state and local sources, and Table 450 shows that federal outlays were $1,652,600,000, including the above amount spent by states.  Thus total government spending was $3,118,441,000, or $30,851 per household.statelocalspending.gif (40541 bytes)

This government spending per household is just about equal to "Male householder with children, no spouse" income of $31,020, and 71% higher than "Female householder with children,  no spouse" income of $18,000.  It also exceeded the total incomes of "Married-couple, no children, household 65 years or over Including income of wives", "Married-couple, no children, household 65 years or over Excluding income of wives", "One-person household, male less than 65 years old", "One-person household, female less than 65 years old or over", "One-person household, male 65 years old or over", "One-person household, female 65 years old or over", and was just about equal to "2-or-more-person household, female householder, no spouse or children".federalspending.gif (32544 bytes)

Only five types of households had incomes significantly higher than average government spending per household:  "Married-couple with children Including earnings of wives" by $21,099, "Married-couple, no children, householder less than 40 years old Including earnings of wives" by $19,979, "Married-couple, no children, householder 40 to 65 years old Including earnings of wives" by $27,805,   "Married-couple, no children, householder 40 to 65 years old Excluding earnings of wives" by $10,736, and "2-or-more-person household, male householder, no spouse or children" by $10,941.

Since then, federal spending increased by another $3,957 per household and state and local spending increased by another $4,946 per household, leaving government spending per household at $39,754, 31% more than the $30,436 median income of black households and 19% more than the $33,455 median income of Hispanic households.

This spending is 7% higher than the median income of a full time working man and 46% higher than a full time working woman ($37,057 and $$27,194 respectively).

Only the 79,375,000 White Non-Hispanic households with a median income of $45,910 who had two workers had higher incomes than government spending (15% higher).

The 88,543,000 White households which included Hispanic Whites had a median income of $44,232, but median incomes of White Hispanics was $29,704, putting them significantly lower than blacks and all Hispanics and making them non-contributors to this tax base:

88,543,000 White households x $44,232 median income =

79,375,000 White non-Hispanic x $45,910 + 9,168,000 White Hispanic x [White Hispanic Income, which must equal $29,704]

Who makes up these 9.2 million White Hispanic households who earn even less than Blacks, when Hispanic households in general earn 10% more than Black households?  Are they the straw who broke the camel's back?

 

http://www.census.gov/hhes/income/mednhhld/t4.html

TABLE 4. MEDIAN HOUSEHOLD INCOME BY TYPE OF
HOUSEHOLD: 1969, 1979, 1983, 1989, 1993, and 1996
(In 1996 dollars)

 1969 1979 1983 1989 1993 1996
All households$33,072$34,666$32,941$36,598$33,660$35,172
Married-couple with children
     Including earnings of wives
     Excluding earnings of wives

41,453
36,226

47,793
39,662

44,264
35,186

50,613
38,124

49,274
35,875

51,950
36,786
Male householder with children, no spouse33,74936,61933,49634,64629,52031,020
Female householder with children, no spouse16,32718,46815,61817,65115,95118,000
Married-couple, no children,householder
less than 40 years old
     Including earnings of wives
     Excluding earnings of wives


37,955
25,885


45,480
30,420


44,739
28,434


50,747
31,701


47,830
27,690


50,830
30,400
Married-couple, no children, householder
40 to 64 years old
     Including earnings of wives
     Excluding earnings of wives


43,645
35,840


52,699
42,704


51,183
41,210


58,393
44,841


55,930
40,524


58,656
41,587
Married-couple, no children, householder
65 years old or over
     Including income of wives
     Excluding income of wives


18,553
14,340


23,724
15,675


27,642
18,116


29,230
18,982


28,263
18,710


29,210
19,174
One-person household, male less than 65 years
old

23,893

26,514

24,732

27,854

25,908

26,898
One-person household, female less than 65 years
old

15,929

18,366

20,440

22,776

21,550

21,432
One-person household, male 65 years old or
over

8,936

11,227

13,615

14,288

14,821

14,586
One-person household, female 65 years old or
over

7,025

9,382

10,926

11,388

10,823

11,454
2-or-more-person household, male householder,
no spouse or children

34,060

39,916

38,614

43,770

40,175

41,792
2-or-more-person household, female
householder, no spouse or children

26,796

31,140

29,439

35,454

33,172

33,566

horizontal rule

Go to Changes in Median Household Income: 1969 to 1996 (P23-196)
Go to Income Statistics

Last Revised: Thursday, 22-Aug-2002 16:11:30 EDT

 

TRAITOR McCain

jewn McCain

ASSASSIN of JFK, Patton, many other Whites

killed 264 MILLION Christians in WWII

killed 64 million Christians in Russia

holocaust denier extraordinaire--denying the Armenian holocaust

millions dead in the Middle East

tens of millions of dead Christians

LOST $1.2 TRILLION in Pentagon
spearheaded torture & sodomy of all non-jews
millions dead in Iraq

42 dead, mass murderer Goldman LOVED by jews

serial killer of 13 Christians

the REAL terrorists--not a single one is an Arab

serial killers are all jews

framed Christians for anti-semitism, got caught
left 350 firemen behind to die in WTC

legally insane debarred lawyer CENSORED free speech

mother of all fnazis, certified mentally ill

10,000 Whites DEAD from one jew LIE

moser HATED by jews: he followed the law

f.ck Jesus--from a "news" person!!

1000 fold the child of perdition

 

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