- 28 Apr 2024 19:27
#15313671
The median black male income in 1960 was $3,230. Adjusted for standard inflation, that would be equivalent to $33,250 (in 2023). (source here)
The median black household income in 2023 is $52,860. That is household income, which often includes two income earners.
According to statistics from the Social Security Administration, the median income for black males between the ages of 30 to 39 is $41,600 (as of 2021). (source here)
The median house in 1960 cost $11,900.
In 2023, the median house cost $417,700.
Doing some quick calculations we can see that:
In 1960, the price of a house was 3.7 times that of yearly black male income.
In 2023, the price of a house was 7.9 times that of yearly black household income.
In 1960, the standard of living in America had been rapidly improving over the previous couple of years. Blacks were beginning to demand additional rights and fair treatment (the whole "Civil Rights" movement).
It can be argued that Blacks have largely obtained full equality of opportunity.
But are average American blacks actually better off economically than they were in 1960?
Some additional statistics:
In 1960, 61% of black adult men were married. (source here)
By 2022, that had fallen to 34.4% (and only 28.6% for black women). (source here)
The median black household income in 2023 is $52,860. That is household income, which often includes two income earners.
According to statistics from the Social Security Administration, the median income for black males between the ages of 30 to 39 is $41,600 (as of 2021). (source here)
The median house in 1960 cost $11,900.
In 2023, the median house cost $417,700.
Doing some quick calculations we can see that:
In 1960, the price of a house was 3.7 times that of yearly black male income.
In 2023, the price of a house was 7.9 times that of yearly black household income.
In 1960, the standard of living in America had been rapidly improving over the previous couple of years. Blacks were beginning to demand additional rights and fair treatment (the whole "Civil Rights" movement).
It can be argued that Blacks have largely obtained full equality of opportunity.
But are average American blacks actually better off economically than they were in 1960?
Some additional statistics:
In 1960, 61% of black adult men were married. (source here)
By 2022, that had fallen to 34.4% (and only 28.6% for black women). (source here)