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Detached Member
Join Date: May 2003
Location: southern California
Posts: 26,964
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I found this:
Have you ever wondered how your income and net worth compare with your fellow Americans? Below are some statistics compiled by the Census Bureau for the year 2005:
- There are about 240 American billionaires.
- 275,000 American households have a net worth of $10 million or more.
- About four million Americans (1.4%) have a net worth of $1 million or more.
- About five percent of households are considered high income and are defined as households that earn more than $90,000 annually.
- The median household income for all 50 states in 2004 is $44,000.
- Median income by region: The median household income for southern states is the lowest at $37,000; the highest median household income is found in the northeastern states at $47,000.
- Median income by race: African-American households had the lowest median income in 2004 ($30,134) among all racial groups. Asian households had the highest median income ($57,518). The median income for non-Hispanic white households was $48,977. Median income for Hispanic households was $34,241.
- The real median wage for a man in 2004 is $40,798; for a woman, $31,223
- The mean hourly wage of all workers in the US is $11.87; the average wage is $18.00.
- 37 million (10 to 13 percent) people live in poverty in the United States. Poverty is defined as a household income below $19,307 for a family of four; for a family of three, $15,067; for a family of two, $12,334; and for an individual living alone, $9,645.
From the above, I'm barely in the top 1.4% of Americans in net worth (using a conservative estimate of my home's real value), and top 5% of wage earners. Funny, I don't feel like it. Of course the data is from 2004, so I may not be any more.
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Hugh
Last edited by Hugh R; 04-29-2008 at 08:51 PM..
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