Quote:
Originally Posted by jyl
Above is 2019 distribution of US household income. https://fas.org/sgp/crs/misc/R44705.pdf Does not include in-kind assistance (food stamps, etc) or capital gains.
About 17% of US households have HH income < $25K/yr ($2K/mo).
Above is how income distribution has changed over the past 50+ years. Numbers are in 2019 dollars (i.e. inflation adjusted).
Bottom two-fifths of households have seen almost no income growth in 50 years, top one-fifth has seen almost all of the household income growth. |
Graphs and charts are great, but most folks don't understand the data behind them, or do not want to.
For example, the specific HOUSEHOLDS that make up each quintile changes from year to year. its easy to assume that some body is in the top 20% but that is not the way it works. Over the course of a long and varied career I have been in and out of that bracket a number of times, and now, retired I certainly am not there. But please don't worry too much about me, I'm fine here.