Table 3
After-tax income (including income flows from housing services) and consumption statistics over the life cycle

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After-tax income (including income flows from housing services) and consumption statistics over the life cycle
  Late forties Mid-fifties Early sixties Late sixties Early seventies
Total household income (after tax) and consumption  
Median expenditure(minus taxes)-to-income ratio 0.915 0.920 0.951 1.028 1.009
Median consumption-to-income ratio 0.833 0.827 0.902 0.975 0.962
Percent of households with income less than consumption 22.300 27.300 37.400 44.800 44.100
Median income gap (dollars) 8,000 7,400 7,000 6,700 7,200
Per-adult income (after tax) and consumption  
Median expenditure(minus taxes)-to-income ratio 0.916 0.921 0.950 1.024 1.008
Median consumption-to-income ratio 0.834 0.827 0.901 0.971 0.961
Percent of households with income less than consumption 22.300 27.300 37.400 44.800 44.100
Median income gap (dollars) 4,700 5,100 5,300 5,000 6,000
Source(s):
Survey of Family Expenditures (FAMEX) and Survey of Household Spending (SHS).
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