Graph and download economic data for Real Median Personal Income in the United States (MEPAINUSA672N) from 1974 to 2023 about personal income, personal, median, income, real, and USA.

This statistic shows the median household income in the United States from 1990 to 2023 in 2023 U.S. dollars. The median household income was 80,610 U.S. dollars in 2023, an increase from the previous year. Household incomeThe median household income depicts the income of households, including the income of the householder and all other individuals aged 15 years or over living in the household. Income includes wages and salaries, unemployment insurance, disability payments, child support payments received, regular rental receipts, as well as any personal business, investment, or other kinds of income received routinely. The median household income in the United States varies from state to state. In 2020, the median household income was 86,725 U.S. dollars in Massachusetts, while the median household income in Mississippi was approximately 44,966 U.S. dollars at that time. Household income is also used to determine the poverty line in the United States. In 2021, about 11.6 percent of the U.S. population was living in poverty. The child poverty rate, which represents people under the age of 18 living in poverty, has been growing steadily over the first decade since the turn of the century, from 16.2 percent of the children living below the poverty line in year 2000 to 22 percent in 2010. In 2021, it had lowered to 15.3 percent. The state with the widest gap between the rich and the poor was New York, with a Gini coefficient score of 0.51 in 2019. 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.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Sands Point, NY, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 62,342, while the mean income for the highest quintile (20% of households with the highest income) is 1,206,232. This indicates that the top earners earn 19 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 1,779,703, which is 147.54% higher compared to the highest quintile, and 2854.74% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Sands Point median household income. You can refer the same here

By 2030, the middle-class population in Asia-Pacific is expected to increase from 1.38 billion people in 2015 to 3.49 billion people. In comparison, the middle-class population of sub-Saharan Africa is expected to increase from 114 million in 2015 to 212 million in 2030.

Worldwide wealth

While the middle-class has been on the rise, there is still a huge disparity in global wealth and income. The United States had the highest number of individuals belonging to the top one percent of wealth holders, and the value of global wealth is only expected to increase over the coming years. Around 57 percent of the world’s population had assets valued at less than 10,000 U.S. dollars; while less than one percent had assets of more than million U.S. dollars. Asia had the highest percentage of investable assets in the world in 2018, whereas Oceania had the highest percent of non-investable assets.

The middle-class

The middle class is the group of people whose income falls in the middle of the scale. China accounted for over half of the global population for middle-class wealth in 2017. In the United States, the debate about the middle class “disappearing” has been a popular topic due to the increase in wealth to the top billionaires in the nation. Due to this, there have been arguments to increase taxes on the rich to help support the middle-class.

Graph and download economic data for Real Disposable Personal Income (DSPIC96) from Jan 1959 to May 2025 about disposable, personal income, personal, income, real, and USA.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Winchester, VA, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 14,125, while the mean income for the highest quintile (20% of households with the highest income) is 215,015. This indicates that the top earners earn 15 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 344,621, which is 160.28% higher compared to the highest quintile, and 2439.79% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Winchester median household income. You can refer the same here

In 2023, about 26.9 percent of Asian private households in the U.S. had an annual income of 200,000 U.S. dollars and more. Comparatively, around 13.9 percent of Black households had an annual income under 15,000 U.S. dollars.

Graph and download economic data for Share of Net Worth Held by the Top 1% (99th to 100th Wealth Percentiles) (WFRBST01134) from Q3 1989 to Q1 2025 about net worth, wealth, percentile, Net, and USA.

Graph and download economic data for Households; Net Worth, Level (BOGZ1FL192090005Q) from Q4 1987 to Q1 2025 about net worth, Net, households, and USA.

In the first quarter of 2024, almost two-thirds percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners only owned 2.5 percent of the total wealth. Income inequality in the U.S. Despite the idea that the United States is a country where hard work and pulling yourself up by your bootstraps will inevitably lead to success, this is often not the case. In 2023, 7.4 percent of U.S. households had an annual income under 15,000 U.S. dollars. With such a small percentage of people in the United States owning such a vast majority of the country’s wealth, the gap between the rich and poor in America remains stark. The top one percent The United States follows closely behind China as the country with the most billionaires in the world. Elon Musk alone held around 219 billion U.S. dollars in 2022. Over the past 50 years, the CEO-to-worker compensation ratio has exploded, causing the gap between rich and poor to grow, with some economists theorizing that this gap is the largest it has been since right before the Great Depression.

The median family income in the United States grew to 100,800 U.S. dollars in 2023, an increase on the previous year. Family income is the total income earned by all family members who have been living in the household for at least one year and are at least 14 years old.

According to Cognitive Market Research, the global Cosmetics & Personal Care Market size will be USD 558914.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 223565.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 167674.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 128550.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 27945.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 11178.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The fragrance category is the fastest growing segment of the Cosmetics & Personal Care industry

Market Dynamics of Cosmetics & Personal Care Market

Key Drivers for Cosmetics & Personal Care Market

Growing Demand for Natural and Sustainable Cosmetics

Consumers are increasingly seeking cosmetics and personal care products made with natural, organic, and sustainable ingredients. This trend is driven by rising awareness of health, wellness, and environmental concerns. Brands are responding by offering eco-friendly and clean-label products, which appeal to environmentally conscious buyers. This shift is further amplified by stringent regulatory standards and certifications for organic products, enhancing trust and driving market growth. The demand for cruelty-free and vegan products also aligns with the broader focus on ethical consumerism.

Impact of Urbanization and Rising Disposable Income on Market Growth

Urbanization, particularly in emerging economies, is fueling the growth of the cosmetics and personal care market. As more people migrate to urban areas, exposure to global beauty trends increases and consumers become more inclined to invest in personal grooming. Additionally, rising disposable incomes allow individuals to spend on premium beauty products, driving market expansion. This driver is particularly strong in regions like Asia Pacific and Latin America, where an expanding middle class and youthful demographics are reshaping consumption patterns.

Restraint Factor for the Cosmetics & Personal Care Market

Challenges Posed by Evolving Regulatory Standards

The cosmetics and personal care market faces challenges due to complex and evolving regulatory standards across regions. These regulations often require compliance with safety, labelling, and ingredient usage restrictions, which can increase costs for manufacturers. For instance, bans on specific chemicals or requirements for extensive testing to meet safety criteria can slow down product development and innovation. Additionally, navigating differing standards in global markets can complicate operations, particularly for smaller businesses. This regulatory complexity acts as a restraint, limiting growth opportunities in the market.

Impact of Covid-19 on the Cosmetics & Personal Care Market

The COVID-19 pandemic significantly impacted the cosmetics and personal care market, initially causing a decline in sales due to lockdowns, store closures, and reduced consumer spending on non-essential products. The market adapted with a surge in demand for hygiene-related items such as hand sanitizers, soaps, and skincare products. E-commerce emerged as a critical sales channel, with brands focusing on digital platforms to reach customers. Additionally, the shift toward self-care and wellness during prolonged periods at home led to increased demand for skincare and haircare products. The pandemic also accelerated interest in clean, sustainable, and locally sourced beauty products. Introduction of the Cosmetics & Personal Care Market

The cosmetics and personal care market encompasses a wide range of products, including skincare, haircare, makeup, fragrances, and hygiene items, designed to enhance appearance and personal well-...

In March 2025, inflation amounted to 2.4 percent, while wages grew by 4.3 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.

Life And Annuity Insurance Market Outlook

The global life and annuity insurance market size was valued at approximately $1.2 trillion in 2023 and is projected to reach around $1.8 trillion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period. This market's growth is driven by increasing awareness about financial security, rising disposable incomes, and aging populations worldwide. The demand for life and annuity insurance products is also fueled by the need for assured income post-retirement and the financial security of loved ones in case of unforeseen events.

One of the primary growth factors for the life and annuity insurance market is the rising awareness and importance of financial planning and security. As life expectancy increases globally, individuals are becoming more aware of the need to secure their financial future and provide for their dependents. This has led to a surge in the purchase of life insurance policies and annuities, which offer financial protection and a steady income stream during retirement. Additionally, the increasing complexity of financial markets has driven consumers to seek professional advice and products that can offer stability and predictability.

Another significant factor contributing to market growth is the rapid economic development and rising disposable incomes in emerging economies. Countries in regions such as Asia Pacific and Latin America are experiencing robust economic growth, leading to an expansion of the middle class. This demographic shift is resulting in higher demand for life and annuity insurance products as individuals seek to protect their newfound wealth and ensure long-term financial security. Furthermore, favorable government policies and tax incentives in these regions are also encouraging the uptake of insurance products.

The aging global population is another crucial driver of the life and annuity insurance market. With improved healthcare and living standards, people are living longer, which increases the need for retirement planning and income solutions. Life and annuity insurance products are well-suited to meet these needs, providing a reliable source of income for retirees and financial protection for their families. Insurers are also innovating and offering more flexible and customized products to cater to the diverse needs of an aging population.

Regionally, North America and Europe dominate the life and annuity insurance market due to their well-established insurance sectors and high levels of consumer awareness. However, significant growth opportunities are emerging in the Asia Pacific and Latin American regions, driven by increasing incomes, expanding middle classes, and supportive regulatory environments. The Middle East and Africa also present potential growth markets, albeit at a slower pace, due to ongoing economic development and evolving insurance landscapes.

In recent years, Indexed juvenile life insurance has gained traction as a strategic financial tool for parents looking to secure their children's future. This type of insurance not only provides a death benefit but also accumulates cash value that can be linked to a specific stock market index. Parents are increasingly drawn to this product because it offers the dual benefits of protection and potential growth. As the cash value grows, it can be used for future expenses such as education or even as a financial cushion for the child when they reach adulthood. The flexibility and growth potential of indexed juvenile life insurance make it an appealing option for families aiming to build a solid financial foundation for their children.

Product Type Analysis

The life and annuity insurance market can be segmented by product type, including term life insurance, whole life insurance, universal life insurance, variable life insurance, fixed annuities, variable annuities, and indexed annuities. Each of these product types caters to different consumer needs and preferences, contributing to the overall growth and diversification of the market. Term life insurance, for instance, offers coverage for a specific period and is generally more affordable, making it an attractive option for younger consumers and those seeking temporary coverage.

Whole life insurance, on the other hand, provides lifelong coverage with a guaranteed death benefit and a cash value component that grows over time. This product appeals to consumers s

In 2024, the average annual per capita disposable income of households in China amounted to approximately 41,300 yuan. Annual per capita income in Chinese saw a significant rise over the last decades and is still rising at a high pace. During the last ten years, per capita disposable income roughly doubled in China. Income distribution in China As an emerging economy, China faces a large number of development challenges, one of the most pressing issues being income inequality. The income gap between rural and urban areas has been stirring social unrest in China and poses a serious threat to the dogma of a “harmonious society” proclaimed by the communist party. In contrast to the disposable income of urban households, which reached around 54,200 yuan in 2024, that of rural households only amounted to around 23,100 yuan. Coinciding with the urban-rural income gap, income disparities between coastal and western regions in China have become apparent. As of 2023, households in Shanghai and Beijing displayed the highest average annual income of around 84,800 and 81,900 yuan respectively, followed by Zhejiang province with 63,800 yuan. Gansu, a province located in the West of China, had the lowest average annual per capita household income in China with merely 25,000 yuan. Income inequality in China The Gini coefficient is the most commonly used measure of income inequality. For China, the official Gini coefficient also indicates the astonishing inequality of income distribution in the country. Although the Gini coefficient has dropped from its high in 2008 at 49.1 points, it still ranged at a score of 46.5 points in 2023. The United Nations have set an index value of 40 as a warning level for serious inequality in a society.

Poufs Market Outlook

The global poufs market size was valued at approximately USD 1.2 billion in 2023 and is projected to reach USD 2.3 billion by 2032, growing at a CAGR of 6.8% during the forecast period. The growth of the poufs market is driven by factors such as the increasing trend of home decor customization, rising disposable income, and the growing popularity of multifunctional furniture.

One significant growth factor in the poufs market is the increasing trend of home decor customization. Modern consumers, particularly millennials and Gen Z, are placing higher value on personalizing their living spaces to reflect their individual tastes and lifestyles. Poufs, versatile and stylish pieces of furniture, fit perfectly into this trend. They offer both aesthetic appeal and functional utility, making them a popular choice for living rooms, bedrooms, and even outdoor spaces. The customization trend is pushing manufacturers to offer a wide variety of designs, colors, and materials, further expanding the market.

Another growth driver is the rising disposable income among the global population. As disposable incomes increase, so does consumer spending on home furnishings and decor. This is particularly evident in emerging economies where a growing middle class is investing more in home improvement and interior design. Poufs, being a relatively affordable yet stylish furniture option, are gaining traction among these consumers. Additionally, the rise of e-commerce platforms has made it easier for consumers to browse and purchase poufs, contributing to market growth.

The multifunctionality of poufs is also a significant factor contributing to market growth. Beyond serving as seating options, poufs can be used as footrests, side tables, and decorative accessories. This multifunctionality makes them highly attractive to consumers looking to maximize the use of their living spaces. In smaller living spaces, particularly in urban areas, poufs offer a practical solution by combining style and functionality. This demand for versatile furniture is driving innovation and variety in the poufs market.

The regional outlook for the poufs market shows significant potential across various geographies. North America and Europe are mature markets with a strong preference for high-quality, designer poufs. Asia Pacific, on the other hand, is emerging as a high-growth region due to rapid urbanization, increasing disposable incomes, and a growing middle class. Latin America and the Middle East & Africa are also showing promising growth due to similar socio-economic factors and an increasing interest in home decor trends.

Product Type Analysis

The product type segment of the poufs market includes round poufs, square poufs, oval poufs, and others. Each of these types caters to different consumer preferences and interior design requirements. Round poufs are particularly popular due to their versatility and ease of incorporation into various room layouts. They are often seen as playful yet elegant additions to living spaces, suitable for both casual and formal settings. The demand for round poufs is expected to remain strong due to their timeless appeal and compatibility with numerous interior styles.

Square poufs, on the other hand, are favored for their modern and contemporary look. They offer a more structured and defined aesthetic, which can complement minimalist and modern decor themes. Square poufs are also highly functional, often featuring storage options inside, adding to their appeal in smaller living spaces. The market for square poufs is expected to grow steadily as consumers continue to favor contemporary home designs. Their geometric shape also makes them suitable for modular and multi-functional furniture setups.

Oval poufs bring a unique aesthetic to home decor, offering a blend of the round pouf's softness and the square pouf's structure. These poufs are less common but are gaining popularity for their distinctive look. They are ideal for spaces that require a touch of elegance without overly harsh lines. The niche appeal of oval poufs is expected to grow as consumers look for unique and stylish pieces to enhance their interiors. Their versatility in both traditional and modern settings makes them an interesting option for a wide range of consumers.

Other types of poufs, which include various unconventional shapes and innovative designs, cater to niche markets and specific consumer tastes. These poufs often feature creative and artistic designs, appealing to consumers looking f

According to a May 2025 survey, 28 percent of respondents thought that the wealthy would have to pay more under Trump's tax plan. Additionally, 36 percent thought the middle class would pay more.

Children Products Market Outlook

The global children products market size was valued at approximately $250 billion in 2023 and is projected to reach around $450 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6.5% from 2024 to 2032. This market is witnessing significant growth driven by a combination of rising disposable incomes, increasing awareness regarding child safety and developmental needs, and the growing influence of e-commerce platforms.

One of the primary growth factors in the children products market is the rise in disposable incomes across various regions, particularly in developing economies. As more families achieve higher income levels, there is a greater capacity for spending on premium and branded children products. This shift is evident in increased sales of high-quality toys, educational products, and baby care items. Furthermore, parents today are more willing to invest in products that promise better safety standards and developmental benefits for their children.

Another critical factor contributing to the market's growth is the increasing awareness and emphasis on child development and safety. Modern parents are more informed about the developmental needs of their children and are thus seeking products that aid in cognitive, social, and physical development. This includes a wide range of educational toys, interactive learning tools, and age-appropriate apparel. Additionally, stringent safety regulations and certifications for children’s products are encouraging manufacturers to innovate and improve product quality, thereby driving market growth.

The rapid expansion of e-commerce platforms has also played a pivotal role in the growth of the children products market. Online stores offer a vast array of products, making it convenient for parents to shop for children’s items from the comfort of their homes. The availability of detailed product information, customer reviews, and the ease of price comparison have made online shopping a preferred choice for many. Moreover, the proliferation of social media and digital marketing strategies has enabled brands to reach a broader audience, further boosting market demand.

From a regional perspective, the Asia Pacific region is expected to dominate the children products market over the forecast period. This growth is primarily attributed to the large population base, increasing urbanization, and rising middle-class incomes in countries like China and India. North America and Europe are also significant markets due to high disposable incomes and strong emphasis on child safety and development. However, Latin America and the Middle East & Africa are emerging regions with considerable growth potential, driven by improving economic conditions and increasing consumer awareness.

Product Type Analysis

The children products market can be segmented by product type into toys, apparel, baby care products, educational products, and others. The toys segment is one of the largest and most dynamic categories within the market. Toys encompass a wide range of products, including action figures, dolls, puzzles, and electronic toys. The demand for toys is continually fueled by the introduction of new and innovative products that cater to various age groups and interests. Furthermore, the trend of educational and STEM toys has gained significant traction, as parents seek to combine play with learning.

Apparel is another significant segment within the children products market. This category includes clothing and footwear designed specifically for infants, toddlers, preschoolers, and school-aged children. The apparel segment is driven by the increasing fashion consciousness among parents and the growing trend of branded and designer children's wear. Seasonal promotions, festive collections, and collaborations with popular characters and franchises also play a crucial role in driving sales in this segment. Additionally, the rise of online fashion retailers has made it easier for parents to access a wide range of clothing options for their children.

The baby care products segment includes items such as diapers, feeding bottles, baby skincare products, and other essentials. This segment is characterized by high demand due to the necessity of these products in early childhood. The focus on hypoallergenic and organic products has also gained momentum, as parents become more conscious of the ingredients used in baby care items. Innovations in product formulations and packaging, along with endorsements by pediatricians and healthcare professionals, furth

According to exit polling in ten key states of the 2024 presidential election in the United States, ** percent of voters with a 2023 household income of ****** U.S. dollars or less reported voting for Donald Trump. In comparison, ** percent of voters with a total family income of 100,000 to ******* U.S. dollars reported voting for Kamala Harris.