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 did, 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, adjusted for inflation, 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, again adjusted for inflation, 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.

If it's any consolation, the most recent numbers are 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, income today is at a relatively low point in the spectrum.

Personal Income: 3.2

NEXT: Personal Savings

Last updated October 23 2009: 4:39 PM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
Lamborghini to unveil 910 horsepower plug-in hybrid The Lamborghini Asterion concept car will have a V10 engine and three electric motors. More
The weapons of The Walking Dead Zombies are fiction, but the weapons on The Walking Dead are real. More
America's oldest workers: Why we refuse to retire! For these seniors, the best retirement is not to retire. From a 102-year-old Wal-Mart worker to an activist park ranger, these workers have stayed on the job well into their golden years. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.