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1965–Present
from Part III - African American Income and Wealth, 1965–Present
Published online by Cambridge University Press: 06 April 2023
The recessions of 1974–1975, 1981–1982, and 2007–2009 were impediments to African American relative and absolute progress after the end of servitude capitalism. In the Non-South, median African American family income stagnated and declined during 1967–2018, and the poverty rate increased during 1967–2018, especially during 1967–1989. Within the South, median African American family income rose during 1967–2018, though median income stagnated during 1974–2000, and the poverty rate declined from 36 percent to 21 percent during 1967–2018, even if there was stagnation during 1974–1989.
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