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  • Academic Charges Vs MHI

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    MarkWigginsTX
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    This document compares the percentage increase in statewide average academic charges and median household income in the United States since 2002. It shows that from 2002 to 2015, academic charges increased 147% while median household income only rose 32%. Specifically, academic costs have risen substantially faster than household incomes over this period, nearly quadrupling compared to a one-third increase for median incomes.

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    Academic Charges vs MHI

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    Academic Charges vs MHI

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    This document compares the percentage increase in statewide average academic charges and median household income in the United States since 2002. It shows that from 2002 to 2015, academic charges increased 147% while median household income only rose 32%. Specifically, academic costs have risen substantially faster than household incomes over this period, nearly quadrupling compared to a one-third increase for median incomes.

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    © All Rights Reserved
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    24 views1 page

    Academic Charges Vs MHI

    Uploaded by

    MarkWigginsTX
    This document compares the percentage increase in statewide average academic charges and median household income in the United States since 2002. It shows that from 2002 to 2015, academic charges increased 147% while median household income only rose 32%. Specifically, academic costs have risen substantially faster than household incomes over this period, nearly quadrupling compared to a one-third increase for median incomes.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    Academic

    Charges (Statewide Average) vs. Median Household Income % Increase Since 2002
    160%
    140%
    126%

    120%
    105%
    94%
    84%

    80%

    Academic Charges

    72%

    60%

    Median Household Income

    58%
    45%

    40%

    0%

    147%

    115%

    100%

    20%

    132%

    139%

    34%
    14%
    3%

    0%
    -2%
    2002 2003 2004

    5%

    2005

    12%

    2006

    18%

    2007

    25%

    2008

    20%

    2009

    21%

    2010

    23%

    2011

    26%

    2012

    29%

    2013

    32%

    2014

    2015

    -20%

    2002
    Academic Charges
    1,693
    % Increase Since Fall 2002 0%
    Median Household Income 40,149
    % Increase Since Fall 2002 0%

    2003
    1,936
    14%
    39,271
    -2%

    2004
    2,277
    34%
    41,397
    3%

    2005
    2,450
    45%
    42,139
    5%

    2006
    2,680
    58%
    44,922
    12%

    2007
    2,919
    72%
    47,548
    18%

    2008
    3,112
    84%
    50,043
    25%

    2009
    3,283
    94%
    48,259
    20%

    2010
    3,466
    105%
    48,615
    21%

    Sources: Institutional Responses to Texas Senate 2016;


    U.S. Census American Community Survey (ACS) Historical Nominal Median Household Income

    2011
    3,641
    115%
    49,392
    23%

    2012
    3,823
    126%
    50,740
    26%

    2013
    3,923
    132%
    51,704
    29%

    2014 2015
    4,053 4,179
    139% 147%
    53,035
    32%

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