Washington, DC – As people across the country celebrate the birthday of Dr. Martin Luther King, Jr., the Center for American Progress took a look at the state of Black America to see how African Americans fared since conservatives have been in charge of the economy.
African Americansâ€™ median income declined by an average of 1.6 percent per year under the current administration. In 2006, African Americansâ€™ median income was $32,132, which is actually $2,603 lower than their median income of $34,735 (in 2006 dollars) in 2000. This is an annualized average growth rate of -1.6 percent. In contrast, this number increased at an annual average growth rate of 3.2 percent from 1992 to 2000. And African Americansâ€™ median income is still substantially lower than Whites: In 2006, their median income was $32,132, as compared to $52,432 for Whites.
African Americansâ€™ usual median weekly earnings have stagnated under Bush. In 2006, the usual median earnings of African Americans employed full-time was $554.00 per weekâ€”$136.00 dollars less than that of white Americans. In 2000, the usual median earnings of African Americans employed full-time was $553.14â€”in 2006 dollarsâ€”meaning that their usual median weekly earnings grew by just $0.86 under the current administration.