urban institute nonprofit social and economic policy research

How the Policy Environment Has Changed

   
1968*
 
2008
U.S. population 200,706,052 305,529,237
Minimum wage in 2007 dollars $9.15
$6.55
(after 7/08)
Dow Jones Industrial Average 944 (Dec 31)
8,776.39 (Dec 31)
% of families headed by female with no husband present 11 19
% of women age 25–54 in paid jobs 46 73
% of federal spending (discretionary vs. mandatory) 66 vs. 34 38 vs. 62
% of employed labor force age 25 and older
   with a college degree
14 (1970) 35
Average SAT score of entering college classes math 533 math 515
  verbal 541 critical reading 502
    writing 494
GDP per capita (2006 dollars) $20,387 $46,871
National health expenditures as share of GDP 6.1% 16.6% (estimated)
Urban % of total population 70 84
% of voting-age citizen population who voted
   in presidential election
64 63
Violent crimes per 100,000 people 298 467
Share of total household income received by    
poorest fifth 4.2% 3.4%
richest fifth 42.8% 49.7%
Foreign-born population 9.7 million (1970) 38 million (2006)
% of U.S. population that is foreign born 4.8 (1970) 12.6 (2006)

*year Urban Institute was founded