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The Rising Instability of American Family Incomes, 1969-2004 Jacob S. Hacker* Yale & New America Foundation Elisabeth Jacobs Harvard & Brookings Institution *with the assistance of Frank Limbrock and Nigar Nargis
Source: MetLife American Dream Survey, November 2006.
“ Compared to 10 years ago, do you think Americans today have…” Source: Rockefeller Foundation American Worker Survey, February 2007.
Cumulative Growth in Family Income Volatility Since 1973
Percentage of Working-Age Americans for Whom Family Income Declined by at Least 50 percent
Volatility of Male Heads’ Earnings
Average Family Income Volatility by Education Level and Time Period
Source: Congressional Budget Office,  Effective Federal Tax Rates,  2007. Average Income  (After taxes; 2005 dollars)
Would you prefer “the stability of knowing your present sources of income are protected” or “the opportunity to make more money”? INCOME SECURITY MORE MONEY Source: George Washington University Battleground Survey, March 24, 2005.

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The Rising Instability of American Family Incomes, 1969-2004

  • 1. The Rising Instability of American Family Incomes, 1969-2004 Jacob S. Hacker* Yale & New America Foundation Elisabeth Jacobs Harvard & Brookings Institution *with the assistance of Frank Limbrock and Nigar Nargis
  • 2. Source: MetLife American Dream Survey, November 2006.
  • 3. “ Compared to 10 years ago, do you think Americans today have…” Source: Rockefeller Foundation American Worker Survey, February 2007.
  • 4. Cumulative Growth in Family Income Volatility Since 1973
  • 5. Percentage of Working-Age Americans for Whom Family Income Declined by at Least 50 percent
  • 6. Volatility of Male Heads’ Earnings
  • 7. Average Family Income Volatility by Education Level and Time Period
  • 8. Source: Congressional Budget Office, Effective Federal Tax Rates, 2007. Average Income (After taxes; 2005 dollars)
  • 9. Would you prefer “the stability of knowing your present sources of income are protected” or “the opportunity to make more money”? INCOME SECURITY MORE MONEY Source: George Washington University Battleground Survey, March 24, 2005.