Note: Comparability of the 1995 income data with data from previous Current Population Survey (CPS) years is affected by three changes in survey methodology: (1) complete phasing in of the 1990 census-based sample design, (2) reduction of the CPS sample by about 7,000 households, and (3) a revised edit and allocation procedure for the race item. For more information regarding these changes, see page xvii.
The CPS is probably the best known and most widely used of all continuing Federal household surveys. Daily news (whether television, radio, or newspaper) frequently details statistics on Americans’ jobs, income, poverty status, health, and so forth using CPS data. For almost 50 years, analysts, researchers, and policymakers have also used CPS data to examine annual changes in income and earnings and to compare these changes with historical trends. This year’s report shows that the economic status of households in the United States is improving and that selected subgroups have experienced recent economic gains which have raised their incomes to 1989 prerecessionary levels. As an added feature this year, data on income by nativity of the householder are presented for the first time in the consumer income report series.
(The figures in parentheses denote 90-percent confidence intervals.)
1 Changes in real income refer to comparisons after adjusting for inflation. The percentage changes in prices between earlier years and 1995 were computed by dividing the annual average Consumer Price Index (CPI-U) for 1995 by the annual average for earlier years. See table B–1 in appendix B for the CPI-U’s from 1947 to 1995.
2 The difference between the percentage changes in the median income of White and Black households was not statistically significant.
3 The difference between the median incomes of Black and Hispanic-origin households was not statistically significant.
4 The difference between the percentage changes in the median income of metropolitan and nonmetropolitan households was not statistically significant.