
From 1995 to 1999, the number of working parents increased by 25 percent, which meant that more people were bringing home the paycheck. This meant that there was more to spend on things like the latest video games, cell phones, and computers. With the rise in the number of working parents, the average salary for a teenager who worked part-time increased from $8.75 to $9.50 per hour.
In 199the average salary for a child was $22,936.
The average salary for a child in 1995 was $22,936. That's about $40,500 in 2018 dollars. Today's teens are making just under $40,000 a year on average for their age.
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That number increased by 4to $31,9by 2010.
You may be surprised to learn that the average income for a teenager in the U.S. in 1995 was $15,000. This figure in today’s dollars would be around $30,000. In addition, the median income for 16-year-olds in 2009 was $20,500.
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However, inflation-adjusted salaries actually decreased by from 19to 2010.
As you can see, the inflation-adjusted earnings of kids in 1995 were lower than the inflation-adjusted earnings of kids in 1975. In addition to this, the inflation-adjusted earnings of kids in 1995 were lower than the inflation-adjusted earnings of kids in 1965.
The average salary for children in 20was $39,796.
The average salary for children in 1995 was $39,796. That’s a jump from the previous year’s average of $23,781. Not only did kids make more money in 1995, but they were also working more hours. The number of hours children worked increased by almost 20% from 1994.
The increase between 19and 20increased by 152%.
The average annual salary for a teenager in 1995 was $6,680. This is about $23,400 in 2016 dollars adjusted for inflation. You can use the inflation calculator to determine what that would be in today’s dollars. The growth rate between the years 1995 and 1996 was 152%! This means that a teenager making $6,680 in 1995 would have earned $17,865 in 1996.
The increase from 20to 20was much smaller, only 26%.
The average annual pay for a single-person household in 1995 was $23,094. That’s right, almost $23,000! That’s almost three times the amount of money a single person made 30 years earlier in 1975. While the average annual earnings for a single-person household increased by 26% between 1990 and 1995, the average annual earnings of single-person households only increased by $856.
To see the growth in salaries for children throughout the years, take a look at the table below.
In the year 1995, the average salary for a child was $18,877. That means a child’s salary per year was $18,877 divided by 365 is approximately $0.51 per day.
Conclusion
According to Statista, the average income for a working American in 1995 was $24,946. In inflation-adjusted dollars, that’s about $50,000 in today’s economy. So, adjusted for inflation, $50,000 in 1995 dollars is equivalent to about $80,000 in 2019 dollars.