This survey represents the thoughts of the U.S. population concerning the income gap between the rich and the poor in 2012. In 2012, 65 percent of the respondents thought that the income gap between the rich and the poor in the United States has gotten larger in the past ten years. The number of ultra high net worth individuals in each region worldwide can be accessed here.

In the first quarter of 2025, almost ********** of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest ** percent of earners only owned *** 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 2024, *** 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 was the country with the most billionaires in the world in 2025. Elon Musk, with a net worth of *** billion U.S. dollars, was among the richest people in the United States in 2025. 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.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2024, at 92,341 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 41,603 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 210,780 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

Graph and download economic data for Net Worth Held by the Bottom 50% (1st to 50th Wealth Percentiles) (WFRBLB50107) from Q3 1989 to Q2 2025 about net worth, wealth, percentile, Net, and USA.

In 2024, New York was the state with the greatest gap between rich and poor, with a Gini coefficient score of just under 0.52. Although not a state, District of Columbia was among the highest Gini coefficients in the United States that year. On the other hand, Utah had the lowest Gini score among U.S. states. Overall, income inequality has been rising in the country over recent decades.

Graph and download economic data for Share of Financial Assets Held by the Top 1% (99th to 100th Wealth Percentiles) (WFRBST01112) from Q3 1989 to Q2 2025 about wealth, percentile, financial, assets, and USA.

This data collection focuses on the federal budget deficit and on issues dealing with the rich and the poor in America. Respondents were asked if they approved of the way George Bush, Democrats in Congress, and Republicans in Congress were handling the the federal budget deficit, and who was more to blame for the larger deficit. Additionally, respondents were asked how much money it takes to be rich in the United States, whether they would want to be rich, how likely it was that they would ever be rich or poor, whether the percentage of Americans who are rich was increasing, and whether they respected and admired rich people. Other questions asked respondents if they characterized rich people as more likely to be honest, snobbish, intelligent, and a variety of other traits, whether respondents would be more or less likely to vote for a candidate who was a millionaire/self-made millionaire, and which political party better represented the interests of poor, rich, and middle class people. Background information on respondents includes political alignment, 1988 presidential vote choice, registered voter status, education, age, religion, social class, marital status, number of people in the household, labor union membership, employment status, race, income, sex, and state/region of residence.

As of April 2025, Elon Musk was estimated as the wealthiest person in the United States with a net worth of around 342 billion dollars. Richest people in the United States - additional information Every year since 1982, the American business magazine Forbes has been compiling lists of the 400 richest people in the United States, known as the “Forbes 400.” In addition to that, since 1987, the publication has also been compiling a ranking of the 500 richest people in the world (excluding royalty and dictators), as well as more specialized tops, such as “World's Most Powerful Women,” “America's Richest Families,” “Most Valuable Brands” or “30 Under 30,” which focuses on young entrepreneurs from various fields which have gained millions in the past year by the use of social media, technical innovations and generally new and fresh approaches to business.

In 2024, just over 45 percent of American households had an annual income that was less than 75,000 U.S. dollars. On the other hand, some 16 percent had an annual income of 200,000 U.S. dollars or more. The median household income in the country reached almost 84,000 U.S. dollars in 2024. Income and wealth in the United States After the economic recession in 2009, income inequality in the U.S. is more prominent across many metropolitan areas. The Northeast region is regarded as one of the wealthiest in the country. Massachusetts, New Hampshire, and Maryland were among the states with the highest median household income in 2024. In terms of income by race and ethnicity, the average income of Asian households was highest, at over 120,000 U.S. dollars, while the median income among Black households was around half of that figure. What is the U.S. poverty threshold? The U.S. Census Bureau annually updates the poverty threshold based on the income of various household types. As of 2023, the threshold for a single-person household was 15,480 U.S. dollars. For a family of four, the poverty line increased to 31,200 U.S. dollars. There were an estimated 38.9 million people living in poverty across the United States in 2024, which reflects a poverty rate of 10.6 percent.

Graph and download economic data for Share of Corporate Equities and Mutual Fund Shares Held by the Top 1% (99th to 100th Wealth Percentiles) (WFRBST01122) from Q3 1989 to Q2 2025 about mutual funds, wealth, equity, percentile, corporate, and USA.

While most Americans appear to acknowledge the large gap between the rich and the poor in the U.S., it is not clear if the public is aware of recent changes in income inequality. Even though economic inequality has grown substantially in recent decades, studies have shown that the public's perception of growing income disparities has remained mostly unchanged since the 1980s. This research offers an alternative approach to evaluating how public perceptions of inequality are developed. Centrally, it conceptualizes the public's response to growing economic disparities by applying theories of macro-political behavior and place-based contextual effects to the formation of aggregate perceptions about income inequality. It is argued that most of the public relies on basic information about the economy to form attitudes about inequality and that geographic context---in this case, the American states---plays a role in how views of income disparities are produced. A new measure of state perceptions of growing economic inequality over a 25-year period is used to examine whether the public is responsive to objective changes in economic inequality. Time-series cross-sectional analyses suggest that the public's perceptions of growing inequality are largely influenced by objective state economic indicators and state political ideology. This research has implications for how knowledgeable the public is of disparities between the rich and the poor, whether state context influences attitudes about inequality, and what role the public will have in determining how expanding income differences are addressed through government policy.

In 2024, **** percent of Black people living in the United States were living below the poverty line, compared to *** percent of white people. That year, the overall poverty rate in the U.S. across all races and ethnicities was **** percent. Poverty in the United States The poverty threshold for a single person in the United States was measured at an annual income of ****** U.S. dollars in 2023. Among families of four, the poverty line increases to ****** U.S. dollars a year. Women and children are more likely to suffer from poverty. This is due to the fact that women are more likely than men to stay at home, to care for children. Furthermore, the gender-based wage gap impacts women's earning potential. Poverty data Despite being one of the wealthiest nations in the world, the United States has some of the highest poverty rates among OECD countries. While, the United States poverty rate has fluctuated since 1990, it has trended downwards since 2014. Similarly, the average median household income in the U.S. has mostly increased over the past decade, except for the covid-19 pandemic period. Among U.S. states, Louisiana had the highest poverty rate, which stood at some ** percent in 2024.

The statistic shows the results of a survey into wealthy individuals in the United States. This particular statistic deals with the source of the majority of wealth among wealthy Americans in the United States in 2014. In 2014, 22 percent of the wealthy individuals interviewed stated that they had inherited the majority of their wealth, whereas 78 percent stated they earned the majority either through income from work, investment, real estate or through the sale of their business.

A dataset listing the 20 richest cities in Montana for 2024, including information on rank, city, county, population, average income, and median income.

In 2021, Philadelphia, Pennsylvania was the city with the highest poverty rate of the United States' most populated cities. In this statistic, the cities are sorted by poverty rate, not population. The most populated city in 2021 according to the source was New York city - which had a poverty rate of 18 percent.

Inequality remains woven into America’s economic fabric, fuelling public debate and shaping politics. In 2024, the richest fifth of U.S. households captured more than half of national income, while the poorest secured a just 3.1 percent. This stark contrast highlights the concentration of wealth among high-income households. Measuring income inequality The Gini coefficient, a standard measure of income inequality, has steadily risen over the past three decades. In 1990, the Gini coefficient for households in the United States stood at 0.43, but by 2024 it had increased to 0.49. This upward trend indicates a growing gap between the rich and poor. Among state, the District of Columbia and New York exhibited the greatest income inequality. Utah, on the other hand, recorded the smallest wealth gap. Income inequality across demographics Income disparities are also drawn along ethnic and racial lines. In 2024, Asian households in the United States had the highest median annual income, followed by White households. Black Americans and American Indian and Alaska Native families had comparatively lower household incomes. The overall median income for U.S. households reached nearly 84,000 U.S. dollars that year. These figures highlight the persistent economic gaps among various racial and ethnic groups in America.

The university in the United States with the largest endowment market value in 2024 was Harvard University, with an endowment fund value of about 51.98 billion U.S. dollars. U.S. higher education Colleges and universities in the United States rank highly among the world’s most prestigious institutions of higher education. Many universities are particularly well known for their strong research capabilities and their connections to many Nobel Prize winning laureates.The U.S. university system is largely decentralized. Except for service academies and staff colleges, the federal government does not directly regulate universities; public universities are administered solely by the individual states. Besides the state administered public universities, there are many private universities in the United States, most are non-profit institutions, similar to the public universities, but there are also a number of institutions that rely on profit (Walden University in Minnesota, for example).In general, tuition fees are required to be paid by students at American universities. Public universities generally charge lower tuition rates to in-state students, than to out-of-state students. Private universities are often much more expensive than public ones because they do not receive funding from state governments.American students are often required to take out student loans to supplement scholarships and grants provided by diverse sources to be able to pay for tuition. Student debt has become a major issue in the United States in recent years, with many Americans unsure if they can even afford to pay off their student loans in the future.

In 2024, the median household income in the United States was 83,730 U.S. dollars. This reflected an increase from the previous year. Household income The 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 varied from state to state. In 2024, Massachusetts recorded the highest median household income in the country, at 113,900 U.S. dollars. On the other hand, Mississippi, recorded the lowest, at 55,980 U.S. dollars.Household income is also used to determine the poverty rate in the United States. In 2024, 10.6 percent of the U.S. population was living below the national poverty line. This was the lowest level since 2019. Similarly, the child poverty rate, which represents people under the age of 18 living in poverty, reached a three-decade low of 14.3 percent of the children. The state with the widest gap between the rich and the poor was New York, with a Gini coefficient score of 0.52 in 2024. The Gini coefficient is calculated by looking at average income rates. A score of zero would reflect perfect income equality, while a score of one indicates complete inequality.

The gross domestic product (GDP) of California was about 4.1 trillion U.S. dollars in 2024, meaning that it contributed the most out of any state to the country’s GDP in that year. In contrast, Vermont had the lowest GDP in the United States, with 45.71 billion U.S. dollars. What is GDP? Gross domestic product, or GDP, is the total monetary value of all goods and services produced by an economy within a certain time period. GDP is used by economists to determine the economic health of an area, as well as to determine the size of the economy. GDP can be determined for countries, states and provinces, and metropolitan areas. While GDP is a good measure of the absolute size of a country's economy and economic activity, it does account for many other factors, making it a poor indicator for measuring the cost or standard of living in a country, or for making cross-country comparisons. GDP of the United States The United States has the largest gross domestic product in the world as of 2023, with China, Japan, Germany, and India rounding out the top five. The GDP of the United States has almost quadrupled since 1990, when it was about 5.9 trillion U.S. dollars, to about 25.46 trillion U.S. dollars in 2022.

As of November 2022, a combined value of **** trillion U.S. dollars was held by billionaires living in the United States. While U.S. billionaire wealth has seen a drop over the last year, it is still more than *** times the amount it was at the start of the COVID-19 pandemic.