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Overall, including all households/individuals regardless of employment status, the median household income was $67,521 in 2020 while the median personal income (including individuals aged 15 and over) was $35,805. [5] [6] While wages for women have increased greatly, median earnings of male wage earners have remained stagnant since the late 1970s.
In 2018, the total personal income earned in the United States was $17.6 trillion. In 2008, all households in the United States earned roughly $12,442.2 billion. One half, 49.98%, of all income in the US was earned by households with an income over $100,000, the top twenty percent.
In absolute terms, affluence is a relatively widespread phenomenon in the United States, with over 30% of households having an income exceeding $100,000 per year and over 30% of households having a net worth exceeding $250,000, as of 2019. [2] [3] However, when looked at in relative terms, wealth is highly concentrated: the bottom 50% of ...
While there’s no definitive line, households in the top 20% of earners are generally considered upper class. According to the U.S. Census Bureau, the median household income in 2022 was $74,580.
The top 20% of Americans owned 86% of the country's wealth and the bottom 80% of the population owned 14%. In 2011, financial inequality was greater than inequality in total wealth, with the top 1% of the population owning 43%, the next 19% of Americans owning 50%, and the bottom 80% owning 7%. [15]
To rank among the top 10%, or 90th percentile, American households needed to report a minimum income of $248,600 and a minimum net worth of $1.94 million. However, those figures encompass adults ...
In 2016, average market income was $15,600 for the lowest quintile and $280,300 for the highest quintile. The degree of inequality accelerated within the top quintile, with the top 1% at $1.8 million, approximately 30 times the $59,300 income of the middle quintile.
New York City saw 20% growth in the rate of high-income households. Between 2021 and 2022, the percentage of New York City households making $200,000 or more jumped from 12.8% to 15.3%.