Median household income rose to approximately $7,700 in 1968 from the 1967 median of about $7,200. Although these figures represent an increase of about 8 percent, because of price increases the gain in real purchasing power is about 3.5 percent.
There are approximately 10.8 million households, or 17.4 percent of all households, which received money incomes of less than $3,000 in 1968. This number represents a significant decrease from 1967 when 11.9 million households, or 19.7 percent, were in this income category.
Another 8.1 million households, or 13.1 percent of the total number, received incomes between $3,000 and $5,000 in 1968; 8.6 million, or 13.9 percent, had incomes between $5,000 and $7,000; and 13.0 million, or 21.1 percent, had incomes between $7,000 and $10,000. The remaining 34.6 percent of the households, or 21.3 million, received incomes of over $10,000, which represents a 4.7 percentage point increase from 1967 in the number of households in this income category (in current dollars).
Data in this report were derived from the Current Population Survey conducted by the Bureau of the Census and are subject to sampling variability which may be relatively large for the smaller figures and for small differences between figures. For a further discussion of the sampling variability, see the section on "Source and reliability of the estimates" below. The difference between household and family incomes is discussed in Series P-60, No. 62.
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Others in Series
Average Family Income Up 8 Percent in 1968 (Advance data)
Advance data from the March 1969 sample survey, for families and unrelated individuals by total money income in 1968 by selected characteristics.
Supplementary Report on Income in 1967 of Families and Persons
Text tables provide selected data on husband-wife families. Detailed tables provide data for the United States by total money income in 1967 for families.
Income in 1968 of Families and Persons in the United States
Distribution of families and unrelated individuals by total money income in 1968, by color, type of family, age, and households by total income.