Pew Report: African-Americans Show Greatest Income Increase

December 10, 2015 5:55 AM

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African-American adults have had the greatest long-term income increase in the U.S., and are the only major racial group to experience a decline in lower-income share, according to a pew research study released Wednesday.

From 1971-2015 African American lower-income households declined from 48 percent to 43 percent while upper-income households grew from 5 percent to 12 percent. However, the study found that African-Americans adults are still significantly less likely to be middle-income or upper-income compared with...

Also read: U.S. Consumer Spending Rises at More Moderate Pace, Incomes Jump

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