About DMI Fellows Our Work Library DMI Events DMI Blog Support DMI

The Year in Review 2004

Last time current major league champions, the Boston Red Sox, won the World Series: 19181

Last time the minimum wage, currently set at $5.15 an hour, was increased: 19972

Number of Americans who joined the ranks of the impoverished in 2004: 1.3 million3

Number of times Donald Trump uttered the words "you're fired" during the first season of "The Apprentice": 154

Number of Americans that have heard the words "you're fired" since January 2001: 1.6 million5

Percentage of American households that "argue about money-related topics on a regular basis": 95 percent6

Average take home pay for an American worker: $5177

Average take home pay for an American CEO: $155,769 a week8

Share of the nation's $53 trillion debt shouldered by the average American household: $473,4569

Number of Americans who believe a college education will be out of the reach of most families in the future: 8 in 1010

Number of President Bush's daughters who graduated from four-year universities in June 2004: 2 in 211

Number of low- and middle-income African-American High School students who will not be able to go to college because of "financial barriers": 2 in 512

Average increase in cost of tuition at a four-year public institute during the 2003-04 academic year: $579 (14 percent)13

Number of college students who graduated with "unmanageable level of debt": 4 in 1014

Ratio of marriages to divorces by pop star Britney Spears in 2004: 2:115

Ratio of yes votes to no votes on a constitutional amendment to ban same sex marriage and "protect traditional families": 227:18616

Percentage of working women who provide half or more of the 8income for their families: 55 percent17

Number of United States Senators who are women: 14 in 10018

Amount earned by a woman for every dollar earned by a man: 76 cents19

Number of viewers of the premier episode of ABC's hit show, "Desperate Housewives": 21.5 million20

Likelihood that an African-American family that owns a home will file for bankruptcy compared to their white counterparts: 5:121

Fifty years after the landmark Brown v Board of Education decision, odds of a Black or Latino public high school student graduating in four years: 50/5022

Percentage of students in "schools serving affluent families" who have teachers who majored in the subject they instruct and hold a teaching license in the topic: 70 percent23

Percentage of New York City public middle and high school students in high poverty areas being taught physical sciences by an "unqualified" teacher: 70 percent24

Number of Americans born between 1942 and 1972 in the top quintile of the income distribution that stayed rich: 4 in 1025

Number of Americans born between 1942 and 1972 in the bottom quintile of the income distribution that stayed poor: 4 in 1026

Number of U.S. service jobs expected to be lost due to outsourcing each year over the next decade: 250,00027

Salary of Greg Mankiw, Chairman of White House Council of Economic Advisors, who wrote that the movement of U.S. jobs overseas through outsourcing would prove "a plus for the economy in the long run": $140,00028 29

Number of red, white and blue balloon dropped during the final day of the Republican national Convention held at Madison Square Garden in New York City: 120,00030

Number of New York City's 326,600 unemployed residents who exhausted their federal unemployment benefits in the first six months of 2004: 77,10031

Amount of federal anti-terror dollars received by Alaska per Alaskan: $9232

Amount of federal anti-terror dollars received by New York per New Yorker: $3233

Mandatory sentence received by a first time offender in New York for possession of $20 worth of drugs: 1 to 3 years34

Sentence received by "Domestic Diva" Martha Stewart for lying to investigators about her sale of $228,000 worth of ImClone System's stock in late 2001: 5 months35

Number of campaign stops made by President Bush to Florida in 2004: 1836

Number of hurricanes to hit Florida in 2004: 437

Number of jobs lost in Florida due to hurricanes in 2004: 10,00038

Number of manufacturing jobs lost in Florida since President Bush was sworn into office: 64,10039

Number of American households that possess zero or negative net financial assets: 1 in 340

Number of Americans who "believe that they personally are living the 'American Dream.'": 2 in 341

1. http://boston.redsox.mlb.com/NASApp/mlb/index.jsp?c_id=bos
2. http://www.fiscalpolicy.org/press_040421.stm
3. http://www.census.gov/Press-Release/www/releases/archives/income_wealth/002484.html
4. http://www.msnbc.msn.com/id/4750777/
5. http://www.aflcio.org/yourjobeconomy/jobs/jobcrisis.cfm
6. http://www.coeinc.org/financialstatistics.htm
7. http://www.americanprogress.org/site/pp.asp?c=biJRJ8OVF&b=111169
8. http://www.americanprogress.org/site/pp.asp?c=biJRJ8OVF&b=111169
9. http://www.usatoday.com/news/nation/2004-10-03-debt-cover_x.htm
10. http://www.soundmindinvesting.com/visitor/2004/apr/feature.htm
11. http://abclocal.go.com/kabc/news/052104_nw_bush_twins.html
12. http://www.jsonline.com/news/metro/mar04/216230.asp
13. http://www.collegeaccess.org/NCAN/ItemPage.aspx?groupid=13&id=131
14. http://www.pirg.org/highered/BurdenofBorrowing.pdf
15. http://www.mtve.com/artist.php?ArtistId=80
16. http://www.washingtonpost.com/wp-dyn/articles/A63122-2004Sep30.html
17. http://www.parentsunite.org/CFparentsunite/press/ParentData090601.html
18. http://www.catholicnews.com/data/stories/cns/0406217.htm
19. http://www.iwpr.org/pdf/R260.pdf
20. http://www.cnn.com/2004/SHOWBIZ/TV/10/27/nielsens.ap/
21. http://www.consumersunion.org/finance/usbankdc201.htm
22. http://www.democrats.org/education/news/200402270001.html
23. http://www.buffalostate.edu/centers/ceure/webfacts.htm
24. http://www.tcf.org/Publications/EconomicsInequality/ragrichrc.pdf
25. http://www.tcf.org/Publications/EconomicsInequality/ragrichrc.pdf
26. http://www.oregonlive.com/news/oregonian/index.ssf?/base/news/1080997576176370.xml
27. http://www.americaneconomicalert.org/view_art.asp?Prod_ID=952
28. http://www.cbsnews.com/stories/2004/02/13/opinion/main600351.shtml
29. http://www.washingtontimes.com/national/20040902-122812-6125r.htm
30. http://www.house.gov/maloney/033104NewYorkunemployment.pdf
31. http://www.fresnobee.com/opinion/v-textonly/story/9317450p-10224613c.html
32. http://www.fresnobee.com/opinion/v-textonly/story/9317450p-10224613c.html
33. http://www.hrw.org/campaigns/drugs/ny-drugs.htm
34. http://money.cnn.com/2004/07/16/news/newsmakers/martha_sentencing/
35. http://www.washingtonpost.com/wp-srv/politics/elections/2004/charting.html
36. http://www.cnn.com/2004/WEATHER/09/04/hurricane.frances/
37. http://www.usatoday.com/weather/hurricane/2004-10-05-fla-tourism_x.htm
38. http://www.showusthejobs.com/yourstate/upload/FL.pdf
39. http://www.google.com/search?hl=en&q=the+American+dream+in+2004
40. http://www.google.com/search?hl=en&q=the+American+dream+in+2004
top