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{{contradict-other|Household income in the United States|date=February 2016}}
{{contradict-other|Household income in the United States|date=February 2016}}
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[[Image:Households vs Individuals Income.png|thumb|400px|The percentage of households and individuals in each income bracket.<ref name="US Census 2005 Economic Survey, income data">{{cite web|url=http://pubdb3.census.gov/macro/032005/hhinc/new06_000.htm|title=US Census 2005 Economic Survey, income data|accessdate=2006-12-09}}</ref><ref name="US Census Bureau, personal income distribution">{{cite web|url=http://pubdb3.census.gov/macro/032006/perinc/new01_001.htm|title=US Census Bureau, personal income distribution|accessdate=2006-12-09}}</ref>]]
[[Image:Households vs Individuals Income.png|thumb|400px|The percentage of households and individuals in each income bracket.<ref name="US Census 2005 Economic Survey, income data">{{cite web|url=http://pubdb3.census.gov/macro/032005/hhinc/new06_000.htm |title=US Census 2005 Economic Survey, income data |accessdate=2006-12-09 |deadurl=yes |archiveurl=https://web.archive.org/web/20060630005924/http://pubdb3.census.gov/macro/032005/hhinc/new06_000.htm |archivedate=2006-06-30 |df= }}</ref><ref name="US Census Bureau, personal income distribution">{{cite web|url=http://pubdb3.census.gov/macro/032006/perinc/new01_001.htm |title=US Census Bureau, personal income distribution |accessdate=2006-12-09 |deadurl=yes |archiveurl=https://web.archive.org/web/20061223153830/http://pubdb3.census.gov/macro/032006/perinc/new01_001.htm |archivedate=2006-12-23 |df= }}</ref>]]


'''Income in the United States''' is measured by the [[United States Department of Commerce]] either by [[Household income in the United States|household]] or [[Personal income in the United States|individual]]. The differences between household and personal income is considerable since 42% of households, the majority of those in the top two [[Income quintiles|quintiles]] with incomes exceeding $57,658, now have two income earners.<ref name="US Census Bureau, number of income earners per quintile, 2005">{{cite web|url=http://pubdb3.census.gov/macro/032006/hhinc/new05_000.htm|title=US Census Bureau, number of income earners per quintile, 2006|accessdate=2006-12-23}}</ref>
'''Income in the United States''' is measured by the [[United States Department of Commerce]] either by [[Household income in the United States|household]] or [[Personal income in the United States|individual]]. The differences between household and personal income is considerable since 42% of households, the majority of those in the top two [[Income quintiles|quintiles]] with incomes exceeding $57,658, now have two income earners.<ref name="US Census Bureau, number of income earners per quintile, 2005">{{cite web|url=http://pubdb3.census.gov/macro/032006/hhinc/new05_000.htm |title=US Census Bureau, number of income earners per quintile, 2006 |accessdate=2006-12-23 |deadurl=yes |archiveurl=https://web.archive.org/web/20070104041618/http://pubdb3.census.gov/macro/032006/hhinc/new05_000.htm |archivedate=2007-01-04 |df= }}</ref>


This difference becomes very apparent when comparing the percentage of households with [[six figure income]]s to that of individuals. In 2006, 17.3% of households had incomes exceeding $100,000,<ref name="US Census 2005 Economic Survey, income data">{{cite web|url=http://pubdb3.census.gov/macro/032005/hhinc/new06_000.htm|title=US Census 2005 Economic Survey, income data|accessdate=2006-12-09}}</ref> compared to slightly less than 6% of individuals.<ref name="US Census Bureau, personal income distribution">{{cite web|url=http://pubdb3.census.gov/macro/032006/perinc/new01_001.htm|title=US Census Bureau, personal income distribution|accessdate=2006-12-09}}</ref> 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.<ref name="US Census Bureau, median income of persons, age 25 or older">{{cite web|url=http://pubdb3.census.gov/macro/032006/perinc/new03_001.htm|title=US Census Bureau, median income of persons, age 25 or older|accessdate=2006-12-09}}</ref>
This difference becomes very apparent when comparing the percentage of households with [[six figure income]]s to that of individuals. In 2006, 17.3% of households had incomes exceeding $100,000,<ref name="US Census 2005 Economic Survey, income data">{{cite web|url=http://pubdb3.census.gov/macro/032005/hhinc/new06_000.htm |title=US Census 2005 Economic Survey, income data |accessdate=2006-12-09 |deadurl=yes |archiveurl=https://web.archive.org/web/20060630005924/http://pubdb3.census.gov/macro/032005/hhinc/new06_000.htm |archivedate=2006-06-30 |df= }}</ref> compared to slightly less than 6% of individuals.<ref name="US Census Bureau, personal income distribution">{{cite web|url=http://pubdb3.census.gov/macro/032006/perinc/new01_001.htm |title=US Census Bureau, personal income distribution |accessdate=2006-12-09 |deadurl=yes |archiveurl=https://web.archive.org/web/20061223153830/http://pubdb3.census.gov/macro/032006/perinc/new01_001.htm |archivedate=2006-12-23 |df= }}</ref> 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.<ref name="US Census Bureau, median income of persons, age 25 or older">{{cite web|url=http://pubdb3.census.gov/macro/032006/perinc/new03_001.htm |title=US Census Bureau, median income of persons, age 25 or older |accessdate=2006-12-09 |deadurl=yes |archiveurl=https://web.archive.org/web/20070319232115/http://pubdb3.census.gov/macro/032006/perinc/new03_001.htm |archivedate=2007-03-19 |df= }}</ref>


[[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.<ref name="Aron-Dine & Sherman">{{cite web|url=http://www.cbpp.org/1-23-07inc.htm|title=Aron-Dine, A. & Sherman, A. (January 23, 2007). New CBO Data Show Income Inequality Continues to Widen: After-tax-income for Top 1 Percent Rose by $146,000 in 2004.|accessdate=2007-11-24}}</ref> While wages for women have increased greatly, median earnings of male wage earners have remained stagnant since the late 1970s.<ref name="U.S. Census Bureau. (1991). Table P-17. Years of School Completed--People 25 Years Old and Over by Median Income and Sex: 1958 to 1990.">{{cite web|url=http://www.census.gov/hhes/www/income/histinc/p17.html|title=U.S. Census Bureau. (1991). Table P-17. Years of School Completed--People 25 Years Old and Over by Median Income and Sex: 1958 to 1990.|accessdate=2007-11-24 |archiveurl = https://web.archive.org/web/20071102081641/http://www.census.gov/hhes/www/income/histinc/p17.html <!-- Bot retrieved archive --> |archivedate = 2007-11-02}}</ref><ref name="U.S. Census Bureau. (2006). Table P-16. Educational Attainment--People 25 Years Old and Over by Median Income and Sex: 1991 to 2005.">{{cite web|url=http://www.census.gov/hhes/www/income/histinc/p16.html|title=U.S. Census Bureau. (2006). Table P-16. Educational Attainment--People 25 Years Old and Over by Median Income and Sex: 1991 to 2005.|accessdate=2007-11-24 |archiveurl = https://web.archive.org/web/20071102081636/http://www.census.gov/hhes/www/income/histinc/p16.html <!-- Bot retrieved archive --> |archivedate = 2007-11-02}}</ref> 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.<ref name="U.S. Census Bureau. (2005). Table H-17. Households by Total Money Income, Race, and Hispanic Origin of Householder: 1967 to 2004.">{{cite web|url=http://www.census.gov/hhes/www/income/histinc/h17.html|title=U.S. Census Bureau. (2005). Table H-17. Households by Total Money Income, Race, and Hispanic Origin of Householder: 1967 to 2004.|accessdate=2007-11-24 |archiveurl = https://web.archive.org/web/20071115222145/http://www.census.gov/hhes/www/income/histinc/h17.html <!-- Bot retrieved archive --> |archivedate = 2007-11-15}}</ref> Half of the U.S. population lives in poverty or is low-income, according to [[United States Census Bureau|U.S. Census]] data.<ref name="HP-20111215">{{cite news |last=Yen |first=Hope |title=U.S. Poverty: Census Finds Nearly Half Of Americans Are Poor Or Low-Income |url=http://www.huffingtonpost.com/2011/12/15/census-shows-1-in-2-peopl_1_n_1150128.html |date=December 15, 2011 |work=[[The Huffington Post]] |accessdate=August 28, 2014 }}</ref> On the other hand, some [[Affluence in the United States|members]] of the U. S. population have earned a considerable income: the top earner in 2011, [[hedge fund|hedge fund manager]] [[John Paulson]], earned $4.9 billion, according to [[Business Insider]].<ref name="BUS-20110404">{{cite web |last=Wachtel |first=Katya |title=The Top 25 Hedge Fund Earners In 2010 |url=http://www.businessinsider.com/top-25-hedge-fund-earners-in-2010-rich-list-2011-4?op=1 |date=April 4, 2011 |work=[[Business Insider]] |accessdate=August 28, 2014 }}</ref>
[[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.<ref name="Aron-Dine & Sherman">{{cite web|url=http://www.cbpp.org/1-23-07inc.htm|title=Aron-Dine, A. & Sherman, A. (January 23, 2007). New CBO Data Show Income Inequality Continues to Widen: After-tax-income for Top 1 Percent Rose by $146,000 in 2004.|accessdate=2007-11-24}}</ref> While wages for women have increased greatly, median earnings of male wage earners have remained stagnant since the late 1970s.<ref name="U.S. Census Bureau. (1991). Table P-17. Years of School Completed--People 25 Years Old and Over by Median Income and Sex: 1958 to 1990.">{{cite web|url=http://www.census.gov/hhes/www/income/histinc/p17.html|title=U.S. Census Bureau. (1991). Table P-17. Years of School Completed--People 25 Years Old and Over by Median Income and Sex: 1958 to 1990.|accessdate=2007-11-24 |archiveurl = https://web.archive.org/web/20071102081641/http://www.census.gov/hhes/www/income/histinc/p17.html <!-- Bot retrieved archive --> |archivedate = 2007-11-02}}</ref><ref name="U.S. Census Bureau. (2006). Table P-16. Educational Attainment--People 25 Years Old and Over by Median Income and Sex: 1991 to 2005.">{{cite web|url=http://www.census.gov/hhes/www/income/histinc/p16.html|title=U.S. Census Bureau. (2006). Table P-16. Educational Attainment--People 25 Years Old and Over by Median Income and Sex: 1991 to 2005.|accessdate=2007-11-24 |archiveurl = https://web.archive.org/web/20071102081636/http://www.census.gov/hhes/www/income/histinc/p16.html <!-- Bot retrieved archive --> |archivedate = 2007-11-02}}</ref> 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.<ref name="U.S. Census Bureau. (2005). Table H-17. Households by Total Money Income, Race, and Hispanic Origin of Householder: 1967 to 2004.">{{cite web|url=http://www.census.gov/hhes/www/income/histinc/h17.html|title=U.S. Census Bureau. (2005). Table H-17. Households by Total Money Income, Race, and Hispanic Origin of Householder: 1967 to 2004.|accessdate=2007-11-24 |archiveurl = https://web.archive.org/web/20071115222145/http://www.census.gov/hhes/www/income/histinc/h17.html <!-- Bot retrieved archive --> |archivedate = 2007-11-15}}</ref> Half of the U.S. population lives in poverty or is low-income, according to [[United States Census Bureau|U.S. Census]] data.<ref name="HP-20111215">{{cite news |last=Yen |first=Hope |title=U.S. Poverty: Census Finds Nearly Half Of Americans Are Poor Or Low-Income |url=http://www.huffingtonpost.com/2011/12/15/census-shows-1-in-2-peopl_1_n_1150128.html |date=December 15, 2011 |work=[[The Huffington Post]] |accessdate=August 28, 2014 }}</ref> On the other hand, some [[Affluence in the United States|members]] of the U. S. population have earned a considerable income: the top earner in 2011, [[hedge fund|hedge fund manager]] [[John Paulson]], earned $4.9 billion, according to [[Business Insider]].<ref name="BUS-20110404">{{cite web |last=Wachtel |first=Katya |title=The Top 25 Hedge Fund Earners In 2010 |url=http://www.businessinsider.com/top-25-hedge-fund-earners-in-2010-rich-list-2011-4?op=1 |date=April 4, 2011 |work=[[Business Insider]] |accessdate=August 28, 2014 }}</ref>

Revision as of 03:24, 10 April 2017

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 household income by selected characteristics [11]
Type of household Race and Hispanic origin Region
All households Family
households 		Nonfamily
households 		Asian Non-Hispanic White Hispanic
(of any race) 		Black Northeast Midwest South West
$70,784 $91,162 $41,797 $101,418 $77,999 $57,981 $48,297 $77,422 $71,129 $63,368 $79,430
Median household income by selected characteristics cont.
Age of Householder Nativity of Householder Metropolitan Statistical Area (MSA) Status Educational Attainment of Householder*
Under 65 years 65 years and older Native-born Foreign-born Inside MSA Outside MSA No high school diploma High school, no college Some college Bachelor's degree or higher
$80,734 $47,620 $71,522 $66,043 $73,823 $53,750 $30,378 $50,401 $64,378 $115,456
*Householders aged 25 and older. In 2021, the median household income for this group was $72,046.
Median earnings by work status and sex (Persons, aged 15 years and older with earnings)
Total workers Full-Time, year-round workers
Both sexes Male Female Both sexes Male Female
$45,470 $50,983 $39,201 $56,473 $61,180 $51,226
2020 Median earnings & household income by educational attainment [12] [13]
Measure Overall Less than 9th grade Some High School High school graduate Some college Associate's degree Bachelor's degree or higher Bachelor's degree Master's degree Professional degree Doctorate degree
Persons, age 25+ w/ earnings* $46,985 $25,162 $26,092 $34,540 $39,362 $42,391 $66,423 $60,705 $71,851 $102,741 $101,526
Male, age 25+ w/ earnings* $52,298 $30,089 $31,097 $40,852 $47,706 $52,450 $80,192 $71,666 $91,141 $126,584 $121,956
Female, age 25+ w/ earnings* $40,392 $18,588 $19,504 $27,320 $31,837 $36,298 $57,355 $51,154 $62,522 $92,780 $85,551
Persons, age 25+, employed full-time $59,371 $33,945 $34,897 $42,417 $50,640 $52,285 $77,105 $71,283 $82,183 $130,466 $119,552
Household $69,228 $29,609 $29,520 $47,405 $60,392 $68,769 $106,936 $100,128 $114,900 $151,560 $142,493
*Total work experience
Household income distribution
10th percentile 20th percentile 30th percentile 40th percentile 50th percentile 60th percentile 70th percentile 80th percentile 90th percentile 95th percentile
≤ $15,700 ≤ $28,000 ≤ $40,500 ≤ $55,000 $70,800 ≤ $89,700 ≤ $113,200 ≤ $149,100 ≤ $212,100 ≤ $286,300
Source: US Census Bureau, 2021; income statistics for the year 2021

See also

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References

  1. ^ a b "US Census 2005 Economic Survey, income data". Archived from the original on 2006-06-30. Retrieved 2006-12-09. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  2. ^ a b "US Census Bureau, personal income distribution". Archived from the original on 2006-12-23. Retrieved 2006-12-09. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  3. ^ "US Census Bureau, number of income earners per quintile, 2006". Archived from the original on 2007-01-04. Retrieved 2006-12-23. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  4. ^ "US Census Bureau, median income of persons, age 25 or older". Archived from the original on 2007-03-19. Retrieved 2006-12-09. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  5. ^ "Aron-Dine, A. & Sherman, A. (January 23, 2007). New CBO Data Show Income Inequality Continues to Widen: After-tax-income for Top 1 Percent Rose by $146,000 in 2004". Retrieved 2007-11-24.
  6. ^ "U.S. Census Bureau. (1991). Table P-17. Years of School Completed--People 25 Years Old and Over by Median Income and Sex: 1958 to 1990". Archived from the original on 2007-11-02. Retrieved 2007-11-24.
  7. ^ "U.S. Census Bureau. (2006). Table P-16. Educational Attainment--People 25 Years Old and Over by Median Income and Sex: 1991 to 2005". Archived from the original on 2007-11-02. Retrieved 2007-11-24.
  8. ^ "U.S. Census Bureau. (2005). Table H-17. Households by Total Money Income, Race, and Hispanic Origin of Householder: 1967 to 2004". Archived from the original on 2007-11-15. Retrieved 2007-11-24.
  9. ^ Yen, Hope (December 15, 2011). "U.S. Poverty: Census Finds Nearly Half Of Americans Are Poor Or Low-Income". The Huffington Post. Retrieved August 28, 2014.
  10. ^ Wachtel, Katya (April 4, 2011). "The Top 25 Hedge Fund Earners In 2010". Business Insider. Retrieved August 28, 2014.
  11. ^ Semega, Jessica; Chen, Frances; Kollar, Melissa; Shrider, Emily A. "Income and Poverty in the United States: 2021" (PDF). US CENSUS BUREAU. Retrieved 19 September 2022.
  12. ^ "Personal Income: PINC-03". US CENSUS BUREAU. Retrieved 29 June 2022.
  13. ^ "Historical Income Tables: Households". US CENSUS BUREAU. Retrieved 29 June 2022.

External links

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