Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

3 of 7
BACKNEXT
Personal Income
Personal Income
Simply having a job is a start, but if your wages don't keep pace with inflation, you "feel" that, too.

This generation is not making as much money as its fathers were, according to the Pew Charitable Trusts' Economic Mobility Project. Pew compared the income of men in their 30s to that of men in the same age group 30 years earlier. The organization figures this is a solid measure because the percentage of men in the work force has remained relatively steady over the last generation - unlike women, whose working numbers and wages have increased.

Pew found that salaries for men in their 30s went up five percent from 1964 to 1994. But looking at the period 1974 to 2004, salaries actually went down 12 percent, from $40,210 to $35,010 (in inflation-adjusted dollars).

In fact, income was actually on a bit of a downswing at the start of the 1980s, but was still higher than at any other point in recent history. In 1980, the average income for a man in his 30s was $39,109; today, Pew estimates it is $34,676 (again, in inflation-adjusted dollars).

If it is any consolation, 2008 is not the low point in our survey; in 1993, the average man in his 30s was making $32,599 per year.

If an average income of $32,599 is set equal to zero, and $39,109 is set equal to ten, 2008 is at a relatively low point in the spectrum.

Personal Income: 3.2

NEXT: Personal Savings

Last updated October 31 2008: 9:42 AM ET
More Galleries
The stock market's wild week in 6 pictures It was the wildest week in stocks in recent memory. Here's photos and CNNMoney's tweets of reactions to the panicked selling on Monday and Tuesday, which gave way to a mad buying scramble on Wednesday and Thursday. And then...a selloff on Friday again. More
How New Orleans is learning to live with water After Hurricane Katrina, the city of New Orleans had to reinvent the way it manages water and protects itself from future storms. More
Your degree will earn you the most from these colleges Art majors can make big bucks, too. Find out which school has the highest paid grads in your major. More

Special Offer