[RESOLVED!] What Is The Average Income Of An African American Household?

Black Americans have been trying to increase their wealth since the beginning of American history. But these efforts have been impeded in a host of ways, beginning with 246 years of chattel slavery and followed by Congressional mismanagement of the Freedman’s Savings Bank (which left 61,144 depositors with losses of nearly $3 million in 1874), the violent massacre decimating Tulsa’s Greenwood District in 1921 (a population of 10,000 that thrived as the epicenter of African American business and culture, commonly referred to as “Black Wall Street”), and discriminatory policies throughout the 20th century including the Jim Crow Era’s “Black Codes” strictly limiting opportunity in many southern states, the GI bill, the New Deal’s Fair Labor Standards Act’s exemption of domestic agricultural and service occupations, and redlining. Before these communities had the opportunity to flourish, wealth was taken. This was modified by Julia Davis, La Plata (Argentina), May 14, 2020 [2]

Based on an Article from epi.orgNote: In 2013, the CPS ASEC Income Questions were redesigned. We imputed historical series by using the new and old methods. CPS ASEC data is represented by solid lines. Dashed lines represent historical values that have been imputed through the application of the new methodology to income trends in past years. This 2017 break is a combination of data from the old CPS ASEC system as well as the new CPS ASEC system. White is for non-Hispanic whites. Black refers either to Blacks or both, Asian refers only to Asians and Hispanic to Hispanics from any race. Prior to 2002, comparable data were not available for Asians. Recessions are indicated by shaded areas. After pointing out this to us, Taraannkaplan of Yinchuan (China) thanks for the information. [3]

Epi.org The explanation continues: We imputed historical series in 2013 using the new and old methods due to a redesign of CPS ASEC’s income questions. The actual CPS ASEC data are shown in solid lines. Dashed lines indicate historical income trends that were imputed using the new method. This 2017 break is a combination of data from the old CPS ASEC system as well as the new CPS ASEC system. White is for non-Hispanic whites. Black refers either to Blacks or both, Asian refers only to Asians and Hispanic to Hispanics from any race. Prior to 2002, comparable data were not available for Asians. Recedencies are denoted by shaded areas. This page was last updated 34 days ago, by Saprina Geber of Kirkuk (Iraq). [4]

Although African Americans are earning more than the national median, their incomes still remain below that of the rest of the country. Black families make \$20 million less per year than the national median. As you can see from the chart labeled ‘Black Household Income’ that Black married-couple families make more than twice that of Female householder families. The charts indicate that those living in married-couple families may enjoy a considerable benefit, regardless of ethnicity or race. But we should also recognise that while a rise in the number of lower-income married couples may not eliminate but reduce this benefit, it would likely lead to a decrease in median income among married couples. [5]