Us Income Distribution 2020 Chart

Rank who crunched decades of tax data to gauge the fortunes of thousands of us households over time.

Us income distribution 2020 chart. Below is every household income percentile in 2020. Aggregate wealth held by upper income families is on the rise. From 1983 to 2016 the share of aggregate wealth going to upper income families increased from 60 to 79. Most us households reach the top 20 of the income distribution.

Salaries range from 24 000 usd lowest average to 423 000 usd highest average actual maximum salary is higher. By contrast the us wealth distribution 2019 stats show that upper income families earned around 164 more money over the same period. In 2015 about 46 4 of employees earning under 15 an hour were aged 35 or older. While the summary statistics are nice there s no replacement for a more complete view of the us income distribution.

Unearned income is income from sources other than. The monthly gain was boosted by increases in proprietors income compensation of employees and rental income of persons which were partly offset by a decrease in government social benefits. According to the graph which uses 2018 wage data from the social security administration 46 51 of us workers earned less than 30 000. Household income percentiles for the united states in 2020.

This chart is based on research by thomas a hirshcl and mark r. This is the average yearly salary including housing transport and other benefits. The raw average for wages in 2018 was 50 000 but unfortunately 67 43 of. The kiddie tax applies to unearned income for children under the age of 19 and college students under the age of 24.

Us personal income rose by 0 9 percent from a month earlier in september 2020 rebounding from a revised 2 5 percent slump in august and beating market consensus of a 0 4 percent increase. As with the distribution of aggregate income the share of u s. At least for a while chart august 5 2020 by deborah binder. Detailed historical tables showing selected measures of household income dispersion are included in the appendix of this report.

Each year the census bureau updates its income inequality statistics in the income and poverty in the united states p 60 report. Salaries vary drastically between different careers.