A new report from the U.S. Census Bureau sheds light on how the continued economic insecurity of many Americans has shaped people's thoughts and behaviors in the aftermath of the Great Recession. The bureau finds that 41 percent of men ages 25 to 34 were poor in 2016, more than one-and-a-half times the number from 40 years ago. And while young men still have a higher median income than young women, it's the women who are making more substantial economic gains.
"Since 1975, young men have swelled the ranks at the bottom of the income distribution. Some 41 percent of all men aged 25 to 34 have incomes less than $30,000 today [in 2015 dollars], up from 25 percent in 1975," the report stated.
"Growth at the bottom, and to a smaller extent the top, came at the expense of the middle," it continued. "Between 1975 and 2016, the share of young men with incomes in the middle ($30,000 to $59,999) fell from 49 percent to 35 percent, while the share at the very top ($100,000 or more) grew from 3 percent to 8 percent."
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