This statistic shows the median household income in the United States from 1970 to 2020, by income tier. In 2020, the median household income for the middle class stood at 90,131 U.S. dollars, which was approximately a 50 percent increase from 1970. However, the median income of upper income households in the U.S. increased by almost 70 percent compared to 1970.

About 50.4 percent of the household income of private households in the U.S. were earned by the highest quintile in 2023, which are the upper 20 percent of the workers. In contrast to that, in the same year, only 3.5 percent of the household income was earned by the lowest quintile. This relation between the quintiles is indicative of the level of income inequality in the United States. Income inequalityIncome inequality is a big topic for public discussion in the United States. About 65 percent of U.S. Americans think that the gap between the rich and the poor has gotten larger in the past ten years. This impression is backed up by U.S. census data showing that the Gini-coefficient for income distribution in the United States has been increasing constantly over the past decades for individuals and households. The Gini coefficient for individual earnings of full-time, year round workers has increased between 1990 and 2020 from 0.36 to 0.42, for example. This indicates an increase in concentration of income. In general, the Gini coefficient is calculated by looking at average income rates. A score of zero would reflect perfect income equality and a score of one indicates a society where one person would have all the money and all other people have nothing. Income distribution is also affected by region. The state of New York had the widest gap between rich and poor people in the United States, with a Gini coefficient of 0.51, as of 2019. In global comparison, South Africa led the ranking of the 20 countries with the biggest inequality in income distribution in 2018. South Africa had a score of 63 points, based on the Gini coefficient. On the other hand, the Gini coefficient stood at 16.6 in Azerbaijan, indicating that income is widely spread among the population and not concentrated on a few rich individuals or families. Slovenia led the ranking of the 20 countries with the greatest income distribution equality in 2018.

Graph and download economic data for Real Median Family Income in the United States (MEFAINUSA672N) from 1953 to 2023 about family, median, income, real, and USA.

In the U.S., median household income rose from 51,570 U.S. dollars in 1967 to 80,610 dollars in 2023. In terms of broad ethnic groups, Black Americans have consistently had the lowest median income in the given years, while Asian Americans have the highest; median income in Asian American households has typically been around double that of Black Americans.

In 2023, the usual median hourly rate of a worker's wage in the United States was 19.24 U.S. dollars, a decrease from the previous year. Dollar value is based on 2023 U.S. dollars. In 1979, the median hourly earnings in the U.S. was 17.48 dollars.

The dissolution of the Soviet Union saw a drastic fall in income rates across the region. In 1950, after the economic recovery period that followed the Second World War, income per capita in the Soviet Union was around half of Western Europe's rate. These figures did increase in the subsequent decades, before falling throughout the 1970s and 1980s, yet, in the final years of the communist system in Europe, income per capita was still around half of Western Europe's rate (albeit slightly lower than in1950).

By 2000, however, these figures had dropped below a quarter of Western Europe's income per capita. Most of this downturn occurred before 1996, and the economic situation in Russia, Ukraine, and the Baltic states began to improve in the final years of the century. It would take another few years before the economic situation of the other former-Soviet states would also begin to stabilize.

In 2023, the median hourly earnings of wage and salary workers in the United States was 19.24 U.S. dollars. This is an increase from 1979, when median hourly earnings were at 4.44 U.S. dollars. Hourly Workers The United States national minimum wage is 7.25 U.S. dollars per hour, which has been the minimum wage since 2009. However, each state has the agency to set their state minimum wage. Furthermore, some cities are able to create their minimum wage. Many argue that the minimum wage is too low and should be raised, because it is not considered a living wage. There has been a movement to raise the minimum wage to 15 U.S. dollars per hour, called “Fight for 15” which began in the early 2010s. While there has been no movement at the federal level, some states have moved to increase their minimum wages, with at least three states and the District of Columbia setting minimum wage rates at or above 15 dollars per hour. More recently, some proponents of increasing the minimum wage say that 15 dollars is too low, and lawmakers should strive toward a higher goal, especially given that a 2021 analysis found that the minimum wage in the U.S. should be 22.88 U.S. dollars if it grew at the same rate as economic productivity. Salary Workers On the other hand, salary workers in the United States do not get paid on an hourly basis. The median weekly earnings of salary workers have significantly increased since 1979. Asian salary workers had the highest hourly earnings in the U.S. in 2021. Among female salary workers, those ages 45 to 54 years old had the highest median hourly earnings in 2021, likewise for male salary workers.

Abortions in the Soviet Union became much more accessible under the Khrushchev administration in 1953, and the USSR's abortion rate subsequently developed into the highest in the world. The Soviet government did not begin releasing official statistical data until the 1970s, however it is believed that around six or seven million abortions were carried out each year in the 1950s and 1960s; a figure that remained fairly consistent until the late 1980s**. This high rate was, in-part, due to rapid urbanization and a desire for smaller families, as well as the lack of quality contraceptives produced by the Soviet government, and the widespread belief that abortion was safer than the side-effects of hormonal regulation via the pill. Relative to population size, there were between 97 and 106 abortions carried out per 1,000 women aged between 15 and 49 in the given years, which is roughly equal to one in ten women of childbearing age having an abortion each year (estimates for Russia alone suggest that this number was one in six in the 1960s). There were however regional disparities across the Soviet Union, as abortions were much more accessible and common in the European part of the country, and less available or socially acceptable in the Muslim-majority and rural regions of Asia. Abortion in the U.S. In the U.S. during this time, the abortion rate was much lower due to previous legal restrictions and lack of access, societal attitudes, and better access to contraceptives. Prior to 1973, abortions were either banned outright or only available under specific circumstances in all-but-four states. The Supreme Court case Roe v. Wade then saw the removal of most federal restrictions relating to abortion in the first trimester of pregnancy. This granted women across the country greater access to legal abortions; in 1975 there were over one million legal abortions performed in the U.S., and between 1.5 and 1.6 million in the 1980s. Proportional to population size, this equated to 29 abortions per 1,000 women aged between 15 and 45 in 1980, which is roughly equal to one in 34 women of childbearing age having an abortion in this year. Legacy During the decline and dissolution of the Soviet Union, the government began to promote the use of contraceptives, however the poor quality and supply of these reinforced former perceptions that they were more harmful than abortions. Additionally, medical institutions received much higher sums from the government when abortions were performed (relative to income from contraceptives), and these incentives delayed the drop in Russian and other post-Soviet states' abortion rates. While it is now generally accepted that contraception is safer than abortion, and awareness of the risks of infertility and maternal death has become more widespread, today, Soviet successor states have some of the highest abortion rates in the world by a considerable margin.

In the U.S., following the peak of almost 30 abortions per 1,000 women aged 15 to 44 in the 1980s, the abortion rate has gradually fallen with each decade, even dropping below the 1973 level in 2017. Although this is a side effect of improvements in contraception and education, a large part of this decline can be attributed to restricted access to abortion, particularly in rural and southern regions. While the majority of U.S. adults support Roe v. Wade, the Supreme Court overturned the ruling in June 2022, granting states the right to determine their own abortion laws.

When adjusted for inflation, the 2024 federal minimum wage in the United States is over 40 percent lower than the minimum wage in 1970. Although the real dollar minimum wage in 1970 was only 1.60 U.S. dollars, when expressed in nominal 2024 dollars this increases to 13.05 U.S. dollars. This is a significant difference from the federal minimum wage in 2024 of 7.25 U.S. dollars.

In 2023, the around 11.1 percent of the population was living below the national poverty line in the United States. Poverty in the United StatesAs shown in the statistic above, the poverty rate among all people living in the United States has shifted within the last 15 years. The United Nations Educational, Scientific and Cultural Organization (UNESCO) defines poverty as follows: “Absolute poverty measures poverty in relation to the amount of money necessary to meet basic needs such as food, clothing, and shelter. The concept of absolute poverty is not concerned with broader quality of life issues or with the overall level of inequality in society.” The poverty rate in the United States varies widely across different ethnic groups. American Indians and Alaska Natives are the ethnic group with the most people living in poverty in 2022, with about 25 percent of the population earning an income below the poverty line. In comparison to that, only 8.6 percent of the White (non-Hispanic) population and the Asian population were living below the poverty line in 2022. Children are one of the most poverty endangered population groups in the U.S. between 1990 and 2022. Child poverty peaked in 1993 with 22.7 percent of children living in poverty in that year in the United States. Between 2000 and 2010, the child poverty rate in the United States was increasing every year; however,this rate was down to 15 percent in 2022. The number of people living in poverty in the U.S. varies from state to state. Compared to California, where about 4.44 million people were living in poverty in 2022, the state of Minnesota had about 429,000 people living in poverty.

In December 2024, inflation amounted to 2.9 percent, while wages grew by 4.2 percent. The inflation rate has not exceeded the rate of wage growth since January 2023. Inflation in 2022 The high rates of inflation in 2022 meant that the real terms value of American wages took a hit. Many Americans report feelings of concern over the economy and a worsening of their financial situation. The inflation situation in the United States is one that was experienced globally in 2022, mainly due to COVID-19 related supply chain constraints and disruption due to the Russian invasion of Ukraine. The monthly inflation rate for the U.S. reached a 40-year high in June 2022 at 9.1 percent, and annual inflation for 2022 reached eight percent. Without appropriate wage increases, Americans will continue to see a decline in their purchasing power. Wages in the U.S. Despite the level of wage growth reaching 6.7 percent in the summer of 2022, it has not been enough to curb the impact of even higher inflation rates. The federally mandated minimum wage in the United States has not increased since 2009, meaning that individuals working minimum wage jobs have taken a real terms pay cut for the last twelve years. There are discrepancies between states - the minimum wage in California can be as high as 15.50 U.S. dollars per hour, while a business in Oklahoma may be as low as two U.S. dollars per hour. However, even the higher wage rates in states like California and Washington may be lacking - one analysis found that if minimum wage had kept up with productivity, the minimum hourly wage in the U.S. should have been 22.88 dollars per hour in 2021. Additionally, the impact of decreased purchasing power due to inflation will impact different parts of society in different ways with stark contrast in average wages due to both gender and race.

One aim of the Soviet Union, and communist countries in general, was to achieve full employment. Official policy was designed to prevent unemployment, and the state stopped paying most unemployment benefits in the 1930s. Every citizen had the right (or requirement) to work, and jobs were allocated by the state, not competed for as they were in the west. People could apply for certain positions, based on their education, experience, or interests, but roles could often be distributed to meet employment demands, or preferential roles were distributed via nepotism. The socialist economic system removed job market competition, which provided increased job security but removed many of the incentives that boosted productivity (especially in later decades). In the 1970s and 1980s, average work weeks were under 35 hours long and people retired in their mid to late fifties. Compared to the U.S. in 1985, on average, work weeks were around four hours shorter in the USSR, and Soviet men retired five years earlier, while women retired nine years earlier than their American counterparts.

Wages In earlier years, wages had been tied to individual performance or output, however the de-Stalinization process of the 1960s introduced a more standardized system of payment; from this point onwards, base wages were more fixed, and bonuses had a larger impact on disposable income. Personal finances in the Soviet Union were very different from those in the west; wages were split into base salaries and bonuses, along with a social wage that was "paid" in the form of investments in housing, healthcare, education, and infrastructure, as well as subsidized vouchers for holidays and food. Many of these amenities were also provided by the state, which removed the individual costs that were required across the west and in post-Soviet states today. Overall, income and money in general had a much lower influence on daily life in the USSR than it did in the west, lessening factors such as financial stress and indebtedness, but restricting consumeristic freedom.

Gender differences A major difference between the East and West Blocs was the participation rate of women in the workforce. Throughout most of the USSR's history, women made up the majority of the workforce, with a 51.4 percent share in 1970, and 50.4 percent in 1989; in the U.S. figures for these years were 38 and 45 percent respectively. Although this was due to the fact that women also made up a larger share of the total population (around 53 percent in this period), Soviet women were possibly the most economically active in the world in these decades. When comparing activity rates of women aged between 40 and 44 across Europe in 1985, the USSR had a participation rate of 97 percent; this was the highest in the East Bloc (where rates ranged from 85 to 93 percent in other countries), and is much higher than rates in Northern Europe (71 percent), Western Europe (56 percent) and Southern Europe (37 percent).

In the U.S., the share of the population living in poverty fluctuated significantly throughout the six decades between 1987 and 2023. In 2023, the poverty level across all races and ethnicities was 11.1 percent. Black Americans have been the ethnic group with the highest share of their population living in poverty almost every year since 1974. In 1979 alone, Black poverty was well over double the national average, and over four times the poverty rate in white communities; in 1982, almost 48 percent of the Black population lived in poverty. Although poverty rates have been trending downward across all ethnic groups, 17.8 percent of Black Americans and 18.9 percent of American Indian and Alaskan Natives still lived below the poverty line in 2022.

In 2021, about 37.7 percent of the U.S. population who were aged 25 and above had graduated from college or another higher education institution, a slight decline from 37.9 the previous year. However, this is a significant increase from 1960, when only 7.7 percent of the U.S. population had graduated from college.

Demographics

Educational attainment varies by gender, location, race, and age throughout the United States. Asian-American and Pacific Islanders had the highest level of education, on average, while Massachusetts and the District of Colombia are areas home to the highest rates of residents with a bachelor’s degree or higher. However, education levels are correlated with wealth. While public education is free up until the 12th grade, the cost of university is out of reach for many Americans, making social mobility increasingly difficult.

Earnings

White Americans with a professional degree earned the most money on average, compared to other educational levels and races. However, regardless of educational attainment, males typically earned far more on average compared to females. Despite the decreasing wage gap over the years in the country, it remains an issue to this day. Not only is there a large wage gap between males and females, but there is also a large income gap linked to race as well.

The typical American picture of a family with 2.5 kids might not be as relevant as it once was: In 2023, there was an average of 1.94 children under 18 per family in the United States. This is a decrease from 2.33 children under 18 per family in 1960.

Familial structure in the United States

If there’s one thing the United States is known for, it’s diversity. Whether this is diversity in ethnicity, culture, or family structure, there is something for everyone in the U.S. Two-parent households in the U.S. are declining, and the number of families with no children are increasing. The number of families with children has stayed more or less constant since 2000.

Adoptions in the U.S.

Families in the U.S. don’t necessarily consist of parents and their own biological children. In 2021, around 35,940 children were adopted by married couples, and 13,307 children were adopted by single women.

In 2023, 1.1 percent of workers in the United States were paid hourly rates at or below the official minimum wage. This is a decrease from the previous year, when 1.3 percent of workers were paid at or below the official minimum wage.

According to the most recently available data, there were 1,279 daily newspapers in the United States in 2018. The number of daily newspapers in the U.S. has been on the decline since 1970, when there were 1,748 daily news publications in the country. However, given the ongoing struggle of print media around the world, a decrease of around 460 newspapers over several decades is more positive than many might expect.

Daily newspapers in the U.S.

Whilst the actual number of daily newspapers has remained comparatively stable since the 1970s, the same cannot be said for circulation figures. In 2017, the paid circulation of daily newspapers in the United States amounted to 30.92 million, more than half the figure recorded for 1985. Even the major players in the industry are suffering – Chicago Tribune’s daily circulation fell from just over 438 thousand in September 2017 to 238 thousand in early 2019. Household names like The New York Times and The Wall Street Journal also saw a sharp drop in circulation figures, leaving little hope for smaller publications.

News consumers and the reluctance to pay

Media markets across the world have become saturated with digital alternatives to print, and U.S. consumers can now access news content, gossip columns and reports on the latest sports games from a variety of sources, rendering daily newspapers in particular less valuable and sought after than ever before. The reasons to pick up a newspaper on your daily commute when the information you seek is available online are becoming hazy – why pay for print when you can get the digital version for free? In fact, a 2018 study revealed that the vast majority of surveyed U.S. adults had not paid for any local news content in the last year.

However, a small solace for print-only news outlets is that even digital news providers are not completely safe from consumers’ reluctance to pay. A report revealed that the wealth of free content available was the main reason why U.S. consumers were unwilling to pay for online news.

Sadly, the future situation for print outlets does not look bright, and for news providers in general there lies a constant uphill struggle to maintain integrity, prove accuracy and capture the attention of new and current consumers alike.

During the Troubles, the Provisional Irish Republican Army (PIRA, or often just known as the IRA) was the largest paramilitary organization in Northern Ireland. To fund their operations, estimated to cost over five million British pounds annually in the latter years of the conflict, the IRA used various illegal methods to raise money. Due to a lack of records and the illegal nature of these activities, it has proven incredibly difficult to estimate the total amount of cash raised by the IRA during the Troubles, however rough estimates for some sources of income do exist. Estimated sources of income In the 1970s, it was believed that the IRA raised over a million pounds per year by skimming money from legitimate businesses such as clubs, bars, or taxi companies, or through the sale of stolen or smuggled goods in such establishments. Additionally, bank robberies were common and estimated to have brought in over a quarter of a million annually, while donations from abroad* also generated a large amount of support. By the 1980s, the IRA's fundraising methods had become more complex. It was estimated that smuggling cost the Northern Irish economy over 100 million pounds per year in the 80s, with the IRA pocketing a large share of the profits. Cigarette smuggling from East and Southeast Asia netted the IRA 1.5 million pounds annually, while numerous smaller smuggling operations combined to generate millions more. This even included the smuggling of livestock and grain across the border into the North, where EEC subsidies could then be exploited. The IRA also produced illegal goods that were then distributed, with pirated VHS tapes raking in almost one million pounds annually. Other sources of income On top of the figures listed above, there were many other illegal practices generating income for the IRA, although estimates for these sources of income are less clear. By the end of the Troubles, one sources estimates that protection rackets generated over six million pounds annually for the IRA, with the majority of businesses in Northern Ireland believed to have some form of "damage insurance" agreement with paramilitary groups. A similar system was in place for drug dealers, who paid to be tolerated by paramilitaries, although this varied by time and place and was more prevalent in loyalist-controlled areas. Kidnappings could also generate substantial amounts, with numerous known cases of businessmen or bank workers ransomed for anywhere between several thousand pounds to several hundred thousand pounds, although these fell out of favor by the 1980s following a shootout with Irish security forces.

In the immediate aftermath of the Second World War, Germany was split into four zones, each administered by France, the United Kingdom, the United States and the Soviet Union respectively. In 1949, the Soviet-controlled zone formed the German Democratic Republic (East Germany), while the rest became the Federal Republic of Germany (West Germany). In this time, Berlin was also split into four zones, and the three non-Soviet zones formed West Berlin, which was a part of West Germany (although the West's administrative capital was moved to Bonn). One population grows, while the other declines Between 1949 and 1961, an estimated 2.7 million people migrated from East to West Germany. East Germany had a communist government with a socialist economy and was a satellite state of the Soviet Union, whereas West Germany was a liberal democracy with a capitalist economy, and western autonomy increased over time. Because of this difference, West Germany was a much freer society with more economic opportunities. During the German partition, the population of the west grew, from 51 million in 1950 to 62.7 million in 1989, whereas the population of East Germany declined from 18.4 million to just 16.4 million during this time. Little change after reunification In 1989, after four decades of separation, the process of German reunification began. The legal and physical barriers that had split the country were removed, and Germans could freely travel within the entire country. Despite this development, population growth patterns did not change. The population of the 'new states' (East Germany) continued to decline, whereas the population of the west grew, particularly in the 1990s, the first decade after reunification. The reasons for this continued imbalance between German population in the east and west, is mostly due to a low birth rate and internal migration within Germany. Despite the fact that levels of income and unemployment in the new states have gotten closer to those reported for the west (a major obstacle after reunification), life and opportunities in the west continue to attract young Germans from rural areas in the east with detrimental effect on the economy and demography of the new states.

At the turn of the twentieth century, the wealthiest one percent of people in the United Kingdom controlled 71 percent of net personal wealth, while the top ten percent controlled 93 percent. The share of wealth controlled by the rich in the United Kingdom fell throughout the twentieth century, and by 1990 the richest one percent controlled 16 percent of wealth, and the richest ten percent just over half of it.