4 ms·
Here's a more useful source of data, including both raw and CPUI-inflation-adjusted numbers: > "On this page is the United States average household income by y
by photochemsyn 4y ago
Here's a more useful source of data, including both raw and CPUI-inflation-adjusted numbers:
> "On this page is the United States average household income by year and median household income by year between 1968 and 2021. You'll also find the top 1% household income by year between 1996 and 2021, plus the top 5% and 10% for the full range. It's the newest data to this point in 2022."
https://dqydj.com/household-income-by-year/ https://dqydj.com/household-income-by-year/
Some takeaways (inflation-adjusted)
(1) the median (half above/ half below) is mostly flat over the whole period, with a slight increase about 55K - 65K; anyone near or below this is almost surely a renter with little if any savings working paycheck-to-paycheck if that, and no retirement other than Social Security and maybe a small pension.
(2) the top 5% has gone from 150K to 275K, this is probably mostly the white-collar professional sector who own their own homes (the top 10% mirrors this only from 125K to 200K). This probably encompasses well-sized 401K retirement accounts.
(3) the top 1% bounces around 500K, although that data is only tracked since the mid 1990s, and seems to track things like 2001 dot com bust, 2008 subprime crash, indicating this is the sector closely tied to Wall Street revenue. (This sector tends to have net assets near 10M, multiple homes, portfolios, etc.)
The general trend of increasing wealth inequality is pretty clear, see also:
https://www.investopedia.com/articles/investing/110215/brief-history-income-inequality-united-states.asp https://www.investopedia.com/articles/investing/110215/brief...