Full Citation

Title: Berkeley Institute for the Future of Young Americans

Citation Type: Miscellaneous

Publication Year: 2017

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Abstract: Using the US Census Bureau’s Current Population Survey (CPS), which samples US working age adults in non-institutional settings, we were able to calculate average income over time by age cohort. The results of this analysis (Figure 1), show that, while for most age groups median income has grown since the 1960s, for 18-24 year-olds, income has remained relatively flat. In other words, while the economy has grown to about 28 times its size in the 1960s, and while other age groups have seen their incomes rise as a result of this growth, the youngest Americans have realized none of these gains; a Millennial today is doing only about as well as her Boomer parents were doing in the 1960s.

Url: https://gspp.berkeley.edu/assets/uploads/policynotes/PolicyNotes-2017-fall-web.pdf

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Authors: Swanbeck, Sarah; Hawkins, James

Publisher: Goldman School of Public Policy

Data Collections: IPUMS CPS

Topics: Labor Force and Occupational Structure, Poverty and Welfare

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