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Average Household Income, 1977-90
| By quintile and top 5% | ||||||
|---|---|---|---|---|---|---|
| Constant 1990 dollars | ||||||
| Year | Lowest | Second | Third | Fourth | Highest | Top 5% |
| 1977 | 7193 | 17,715 | 29,287 | 42,911 | 76,522 | 117,023 |
| 1980 | 6836 | 17,015 | 28,077 | 41,364 | 73,752 | 110,213 |
| 1989 | 7372 | 18,341 | 30,488 | 46,177 | 90,150 | 145,651 |
| 1990 | 7195 | 18,030 | 29,781 | 44,901 | 87,137 | 138,756 |
See also the latest figures from the Census Bureau.
Notice the drop 1977-80 and the drop 1989-90. And why critics of Reagan so desperately want to use 1977-90 as a comaprison time frame. To paraphrase one of the great deceivers "Bush and Carter are no Ronald Reagan".
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