Tuesday, May 10, 2022

Decline in Real Median Annual Earnings of Men

Men of prime working age have not made any economic progress over the past 30 years, according to an analysis by the Social Security Administration. Among men aged 20 to 59, median earnings stagnated or declined between 1989 and 2019, after adjusting for inflation. Here are the numbers...

Real median annual earnings of men aged 20 to 29
2019: $26,830
1989: $26,830
Change: $0
Percent change: 0.0

Real median annual earnings of men aged 30 to 39
2019: $49,540
1989: $50,680
Change: -$1,140
Percent change: -2.2

Real median annual earnings of men aged 40 to 49
2019: $59,470
1989: $64,130
Change: -$4,660
Percent change: -7.3

Real median annual earnings of men aged 50 to 59
2019: $59,220
1989: $61,820
Change: -$2,600
Percent change: -4.2

Fortunately for the nation's families, the real median earnings of women increased during those years, more than making up for men's losses. The real median annual earnings of women aged 20 to 29 increased by $1,490 between 1989 and 2019. The earnings of women aged 30 to 39 grew by $6,520. Those for women aged 40 to 49 grew by $8,200, and the earnings of women aged 50 to 59 grew by $9,730.

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