Income in the United States

The percentage of households and individuals in each income bracket.[1][2]

Income in the United States is measured by the United States Department of Commerce either by household or individual. The differences between household and personal income is considerable since 42% of households, the majority of those in the top two quintiles with incomes exceeding $57,658, now have two income earners.[3]

This difference becomes very apparent when comparing the percentage of households with six figure incomes to that of individuals. In 2006, 17.3% of households had incomes exceeding $100,000,[1] compared to slightly less than 6% of individuals.[2] Overall the median household income was $46,326 in 2006 while the median personal income (including only those above the age of 25) was $32,140.[4]

Income inequality in the United States has increased considerably. Between 1979 and 2004, the mean after-tax income of the top percentile increased 167%, versus 69% for the top quintile overall, 29% for the fourth quintile, 21% for the middle quintile, 17% for the second quintile and 6% for the bottom quintile.[5] While wages for women have increased greatly, median earnings of male wage earners have remained stagnant since the late 1970s.[6][7] Household income, however, has risen due the increasing number of household with more than one income earners and women's increased presence in the labor force.[8] Half of the U.S. population lives in poverty or is low-income, according to U.S. Census data.[9] On the other hand, some members of the U. S. population have earned a considerable income: the top earner in 2011, hedge fund manager John Paulson, earned $4.9 billion, according to Business Insider.[10]

Income at a glance

Median income levels
Households Persons, age 25 or older with earnings Household income by race or ethnicity
All households Dual earner
households		 Per household
member		 Males Females Both sexes Asian Non-Hispanic White Hispanic
(of any race)		 Black
$46,326$67,348$23,535$39,403$26,507$32,140$57,518$48,977$34,241$30,134
Median personal income by educational attainment
MeasureSome High SchoolHigh school graduateSome collegeAssociate's degreeBachelor's degree or higherBachelor's degreeMaster's degreeProfessional degreeDoctorate degree
Persons, age 25+ w/ earnings$20,321$26,505$31,054$35,009$49,303$43,143$52,390$82,473$70,853
Male, age 25+ w/ earnings$24,192$32,085$39,150$42,382$60,493$52,265$67,123$100,000$78,324
Female, age 25+ w/ earnings$15,073$21,117$25,185$29,510$40,483$36,532$45,730$66,055$54,666
Persons, age 25+, employed full-time$25,039$31,539$37,135$40,588$56,078$50,944$61,273$100,000$79,401
Household$22,718$36,835$45,854$51,970$73,446$68,728$78,541$100,000$96,830
Household income distribution
Bottom 10%Bottom 20%Bottom 25%Middle 33%Middle 20%Top 25%Top 20%Top 5%Top 1.5%Top 1%
$0 to $10,500$0 to $18,500$0 to $22,500$30,000 to $62,500$35,000 to $55,000$77,500 and up$92,000 and up$167,000 and up$250,000 and up$350,000 and up
Source: US Census Bureau, 2006; income statistics for the year 2005

See also

References

External links

Wikimedia Commons has media related to Income distribution in the United States.
This article is issued from Wikipedia - version of the Friday, February 26, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.