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My bad, that was supposed to say top 10%.
by thescriptkiddie 10y ago
My bad, that was supposed to say top 10%.
- dragonwriter 10y agoIt's more like the top quintile (20%) has around 50% of the income, see the same source in my last post upthread.
- thescriptkiddie 10y agoThe top quintile had 51.2% of aggregate income in 2014, or 2.56 times their share. But things rapidly get worse as you go up from there: the top 5% alone had 21.9% of aggregate income in 2014, or 4.38 times their share. My source for the top 10% having 49.9% of aggregate income in 2014 was Figure 9 of Saez, Emmanuel. "Striking it Richer: The Evolution of Top Incomes in the United States", on page 9 of the PDF linked below. https://eml.berkeley.edu/~saez/saez-UStopincomes-2014.pdf https://eml.berkeley.edu/~saez/saez-UStopincomes-2014.pdf