Sending fiction to the back burner (writing update)

As I’ve posted, I hoped to get a little bit of fiction published this year and start working under a pen name more regularly.  But alternatives exclude and to get some nonfiction done that I think is ultimately more important to do over the next five years, I’m just setting the idea of submitting stories aside.

I’d like to make (more) money writing fiction and see how high the tally can go, but I don’t have 72 hours a day and something nonessential has to be put aside, very hopefully temporarily.

So, on to nonfiction, which is harder, takes longer and which I can’t really post online sooner than next year unless things go super awesome for me this year.  Here’s hoping.

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One in seven married couples made 200k/yr or more in 2017

That is courtesy of the American Community Survey’s 1 year estimate for that year.

One in nine make 150-199k per year.

Put it together and we now have 1/4 of married parents with $150,000 or more annual household income.

The largest single income group remains $100-149,999 per year, with now over 5 million households but still about 23% of the total.

Put 25 and 23 together and you get 48% of married parents make 100k a year or more as a household in 2017. Remember, in 2006 48% made 75k/yr or more (in current dollars).

Now barely 7 million households bring in 50-99k per year (still split about 50/50 from 50-74k and 75k-99k), which is barely 1/3 of married parents.

We’ve reached the point where less than 1/5 of married parents have household incomes of 49k per year or less.  Let that sink in.

The true middle range for all the people married and raising kids right now is 100-150k.  This is true even in the lowest income region, the South,  at 43% above 100k.  For the Midwest and West it’s 48% and for the Northeast it’s 57%, or a clear majority.

What were things like 11 years ago in 2006?

200k- 6% nationally

150-199k- 6% nationally

100-149k- 18% nationally

75k-99k- 18% nationally (now under 16% in 2017)

50-75k was the single largest group broken out nationally in 2006. It was 23% nationally.  It’s shrunk a lot since then and is between 16 and 17% for 2017.

So in 2006 the true middle range was more like 75k-100k, and nearly 30% of married parents had sub-50k household income for the year.

The bottom rungs are rapidly dropping out of the married parents ladder.

Under 75k went from a slight majority of 52% of such households in 2006 to about 1/3 in 2017.

Or the other way around, in 2006 48% of married couples with kids made 75k per year or more.  In 2017, it’s almost 2/3 (64%).

The high earning power couple is more myth than reality.

Most married women and especially most married mothers earn 0-30% of the money.  Married women are especially allergic to earning 100% of the income.  That number stays down in 2% territory, even as there are modest increases in women earning more than their husbands to about 1/4 of all married households.  Men earn 100% of the income nearly 20% of the time, nearly an order of magnitude more frequently.

Further, women outearning their husbands tend to earn 2/3 of the total household income while men outearning their wives tend to earn 75-80% of the total household income.  The six-figure woman is still more myth than reality.  At 200k, that’s dad making 150-200k, not both making 100k, as a rule.  This is a frequent view of the increased cost of marriage and parenthood, but it’s not accurate.  It’s not all power couples with big salaries, that’s not very common.

At the 200k+ level, only 1/6 of wives are making 60% or more of the income.  Twice as many wives are making 0% of the income.  At that level, a majority of wives are bringing 30% or less of total household income.

Even at the 50-75k range, 1/3 of wives earn 0-20% of the household income. Again, only 1/6 are making 60% or more of the income, which is pretty telling.

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