Table 8
Average gross and net household income by age class

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Average gross and net household income by age class
Age class Gross Income Gross income net of income taxes Gross income net of income taxes, pension plan contributions and personal insurance payments 1
  dollars
Panel A: Survey of Household Spending  
20 to 29 52,400 43,506 40,410
30 to 39 76,499 60,385 55,816
40 to 49 83,673 65,779 60,639
50 to 59 85,777 67,553 62,214
60 to 69 54,620 45,348 43,098
70 plus 40,399 34,676 33,803
  ratio
Relative income ratio  
70 plus to 40-to-49 0.48 0.53 0.56
70 plus to 50-to-59 0.47 0.51 0.54
  dollars
Panel B: Census  
20 to 29 47,050 40,614 37,678
30 to 39 70,581 58,299 53,886
40 to 49 83,085 67,395 62,118
50 to 59 85,617 69,152 63,689
60 to 69 64,776 53,092 50,459
70 plus 47,155 40,441 39,418
  ratio
Relative income ratio  
70 plus to 40-to-49 0.57 0.60 0.63
70 plus to 50-to-59 0.55 0.58 0.62
1.
Gross income less income taxes, payments for life insurance, annuities, employment insurance, and public and private pension plans.
Source(s):
Survey of household spending (2006) and Census of population (2006).