That is courtesy of the American Community Survey’s 1 year estimate for that year.
Nearly one in seven make 150-199k per year.
Put it together and we now have very nearly 1/3 (it’s ~30%) of married parents with $150,000 or more annual household income.
The largest single income group has shifted as the ACS used to do a breakout of 100k-149,999, but now they do a lot more breakouts below 150k. Now the largest group by the ACS splits is…the 200k households. The second place is 75k-99,999k with just under 3.4m families against the 3.6m 200k+ families.
The implication is that we’ve crossed a line that even coronavirus can’t punch through: the median, average, typical household with children (not a child) is a six-figure one, and mom mostly does not work full time.
Less than 7 million married parents bring in 50-99k per year, and the majority of that is the 75k families.
We’ve reached the point where 1/6 of married parents have household incomes of 49k per year or less. Let that sink in.
In 2019, nearly 7 in 10 married parents have a household income of 75k per year or HIGHER.
Combined with the fact that half of all married parents with a stay-home spouse have 75k/yr income or higher, and you have a pretty big demographic shift in the makeup of married families.
The current median household income for married parents of young children is about 9k/month. Nine thousand dollars a month is the median household income if you’re married with kids that are 0-17. The “top of the bottom” 25th percentile is between five and six thousand dollars a month.
Some post-covid income data has been released, but it’s experimental and only a few tables have been released as yet, none as granular as the one used for this post. But what married couple income data is found in those 2020 tables shows even higher incomes, and matches up pretty well with preliminary IRS tax data.
Married parents are shifting more and more and more towards the “laptop class”, a new name for professional, college educated people with internet-heavy work that can be done remotely. Married parents tend to come from the high-wage end of that class.
This has a lot of implications that aren’t well considered even now on either the right or the left.
The Practical Conservative: Civic-minded Natalism 