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.

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.

In 2023, just over 50 percent of Americans had an annual household income that was less than 75,000 U.S. dollars. The median household income was 80,610 U.S. dollars in 2023. 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. Maryland, New Jersey, and Massachusetts were among the states with the highest median household income in 2020. In terms of income by race and ethnicity, the average income of Asian households was 94,903 U.S. dollars in 2020, while the median income for Black households was around half of that figure. What is the U.S. poverty threshold? The U.S. Census Bureau annually updates its list of poverty levels. Preliminary estimates show that the average poverty threshold for a family of four people was 26,500 U.S. dollars in 2021, which is around 100 U.S. dollars less than the previous year. There were an estimated 37.9 million people in poverty across the United States in 2021, which was around 11.6 percent of the population. Approximately 19.5 percent of those in poverty were Black, while 8.2 percent were white.

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.

Between 1990 and 2023, the mean household income for the low-paid workers in the lowest quintile went from 15,940 U.S. dollars in 1990 to 17,650 U.S. dollars in 2023, while the mean income of the top five percent increased from 285,000 U.S. dollars to 467,100 U.S. dollars over the same period. The income for this period has been adjusted to the 2023 U.S. dollar value.

Key information about United States Monthly Earnings

• United States Monthly Earnings stood at 4,901 USD in Feb 2025, compared with the previous figure of 4,887 USD in Jan 2025
• US Monthly Earnings data is updated monthly, available from Mar 2006 to Feb 2025, with an average number of 3,469 USD
• The data reached the an all-time high of 4,901 USD in Feb 2025 and a record low of 2,743 USD in Mar 2006

CEIC calculates Monthly Earnings from Average Weekly Earnings multiplied by 4. U.S. Bureau of Labor Statistics provides Average Weekly Earnings in USD. Monthly Earnings include Private Non Agricultural sector only.


Further information about United States Monthly Earnings

• In the latest reports, US Population reached 341 million people in Dec 2024
• Unemployment Rate of US increased to 4 % in Feb 2025
• The country's Labour Force Participation Rate remained the same rate at 62 % in Feb 2025

Graph and download economic data for Income Before Taxes: Wages and Salaries by Number of Earners: Single Consumers, One Earner (CXU900000LB0703M) from 1984 to 2023 about salaries, tax, wages, consumer, income, and USA.

In 2022, about 14.88 million households in the United States had an income of 200,000 U.S. dollars or more a year. Another 20.77 million households however, had an income of less than 25,000 U.S. dollars in the same year, The total number of households in the U.S. since 1960 can be found here.

How sensitive to business cycles are the earnings of top earners? And, how does the business cycle sensitivity of top earners vary by industry? We use a confidential dataset on earnings histories of US males from the Social Security Administration. On average, individuals in the top 1 percent of the earnings distribution are slightly more cyclical than the population average. But there are large differences across sectors; top earners in Finance, Insurance, and Real Estate (FIRE) and Construction face substantial business cycle volatility, whereas those in Services (who make up 40 percent of individuals in the top 1 percent) have earnings that are less cyclical than the average worker.

Income from capital was the main source of annual household income for the top percentile of earners in Israel during 2021. That year, earnings from capital reached *** million Israeli shekels on average, about ******* U.S. dollars, which represented about ** percent of annual income. Over the period observed, capital income grew significantly, peaking in 2017 at *** million Israeli shekels, about *** million U.S. dollars. The 2017 spike was due to a government decision to implement a one-time tax incentive to release "trapped" capital gains taxes. On the other hand, employment income accounted for almost ** percent of household earnings among the wealthiest in the country.

Families of tax filers; Single-earner and dual-earner census families by number of children (final T1 Family File; T1FF).

In 2020, the top 50 percent of earners in the United States accounted for about ***** percent of the total AGI of the United States. In the same year, the top one percent of earners accounted for ***** percent of the total AGI of the U.S.

Graph and download economic data for Income Before Taxes: Income Before Taxes by Number of Earners: Consumer Units of Two or More People, One Earner (CXUINCBEFTXLB0705M) from 1984 to 2023 about tax, consumer, income, persons, and USA.

About this dataset

Context

The dataset presents the detailed breakdown of the count of individuals within distinct income brackets, categorizing them by gender (men and women) and employment type - full-time (FT) and part-time (PT), offering valuable insights into the diverse income landscapes within Illinois. The dataset can be utilized to gain insights into gender-based income distribution within the Illinois population, aiding in data analysis and decision-making..

Key observations

• Employment patterns: Within Illinois, among individuals aged 15 years and older with income, there were 4.57 million men and 4.51 million women in the workforce. Among them, 2.58 million men were engaged in full-time, year-round employment, while 2.00 million women were in full-time, year-round roles.
• Annual income under $24,999: Of the male population working full-time, 6.54% fell within the income range of under $24,999, while 9.50% of the female population working full-time was represented in the same income bracket.
• Annual income above $100,000: 29.19% of men in full-time roles earned incomes exceeding $100,000, while 17.91% of women in full-time positions earned within this income bracket.
• Refer to the research insights for more key observations on more income brackets ( Annual income under $24,999, Annual income between $25,000 and $49,999, Annual income between $50,000 and $74,999, Annual income between $75,000 and $99,999 and Annual income above $100,000) and employment types (full-time year-round and part-time)

https://i.neilsberg.com/ch/illinois-income-distribution-by-gender-and-employment-type.jpeg" alt="Illinois gender and employment-based income distribution analysis (Ages 15+)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2022 1-Year Estimates.

Income brackets:

• $1 to $2,499 or loss
• $2,500 to $4,999
• $5,000 to $7,499
• $7,500 to $9,999
• $10,000 to $12,499
• $12,500 to $14,999
• $15,000 to $17,499
• $17,500 to $19,999
• $20,000 to $22,499
• $22,500 to $24,999
• $25,000 to $29,999
• $30,000 to $34,999
• $35,000 to $39,999
• $40,000 to $44,999
• $45,000 to $49,999
• $50,000 to $54,999
• $55,000 to $64,999
• $65,000 to $74,999
• $75,000 to $99,999
• $100,000 or more

Variables / Data Columns

• Income Bracket: This column showcases 20 income brackets ranging from $1 to $100,000+..
• Full-Time Males: The count of males employed full-time year-round and earning within a specified income bracket
• Part-Time Males: The count of males employed part-time and earning within a specified income bracket
• Full-Time Females: The count of females employed full-time year-round and earning within a specified income bracket
• Part-Time Females: The count of females employed part-time and earning within a specified income bracket

Employment type classifications include:

• Full-time, year-round: A full-time, year-round worker is a person who worked full time (35 or more hours per week) and 50 or more weeks during the previous calendar year.
• Part-time: A part-time worker is a person who worked less than 35 hours per week during the previous calendar year.

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 Illinois median household income by gender. You can refer the same here

In 2021, the average income of households among Israel's highest one percent of earners, reached *** million Israeli shekels, about *** million U.S. dollars. Moreover, incomes peaked in 2017, due to a one-time tax incentive introduced by the government to release "trapped" capital gains tax. Overall, the average income of wealthy families in the country increased by ** percent between 2013 and 2021.

The first section of the Table SA05 presents the summary statistics: Personal income, population (estimated as of July 1 of each year by the Census Bureau), and per capita personal income, which is the ratio of personal income to population. Nonfarm personal income, which is personal income less farm earnings (defined below), is also presented. The second part of Table SA05 presents the derivation of personal income. Personal income is measured as the sum of wages and salaries; other labor income; proprietors' income; dividends, interest, and rent; and transfer payments; less personal contributions for social insurance. The sum of the first three of these components is termed "earnings," and the last is largely a deduction from earnings. The personal income of a State is defined as the income received by the residents of the State, but the estimates of wages and salaries, other labor income, and personal contributions for social insurance by employees are based mainly on source data that are reported not by the place of residence of the income recipients but by their place of work. Accordingly, an adjustment for residence--which is the net inflow of the earnings of wage and salary workers who are interstate commuters--is estimated so that place-of-residence measures of earnings and personal income can be derived. (The estimates of proprietors' income, although presented on the table as part of place-of-work earnings, are largely by place of residence; no residence adjustment is made for this component.) Net earnings by place of residence is calculated by subtracting personal contributions for social insurance from earnings by place of work and then adding the adjustment for residence. The estimates of dividends, interest, and rent, and of transfer payments are prepared by place of residence only. The third part of Table SA05 presents the estimates of earnings by type of payment and by industry. The estimates of total earnings by place of work are provided at the Standard Industrial Classification (SIC) two-digit level. The principal source data for the wage and salary portion of BEA's earnings estimates are from the ES-202 series provided by the Bureau of Labor Statistics. The ES-202 series provides monthly employment and quarterly wages for each State (and county) in SIC four-digit detail. BEA restricts its earnings estimates to the SIC Division ("one-digit") and two-digit levels and suppresses these estimates in many individual cases in order to preclude the disclosure of information about individual employers.

Key information about South Korea Monthly Earnings

• South Korea Monthly Earnings stood at 3,200 USD in Dec 2024, compared with the previous figure of 2,724 USD in Nov 2024
• South Korea Monthly Earnings data is updated monthly, available from Jan 2008 to Dec 2024, with an average number of 2,747 USD
• The data reached the an all-time high of 3,948 USD in Jan 2022 and a record low of 1,673 USD in Nov 2008

CEIC converts Monthly Earnings into USD. The Ministry of Labour provides Average Monthly Earnings in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Monthly Earnings exclude Agriculture, Fisheries and Forestry sectors. Monthly Earnings prior to January 2020 cover businesses with 1 or more employees and are based on the 9th Korean Standard Industry Clasification (KSIC). Monthly Earnings prior to January 2011 cover businesses with 5 or more employees and are based on the 9th Korean Standard Industry Clasification (KSIC).


Further information about South Korea Monthly Earnings

• In the latest reports, South Korea Population reached 52 million people in Dec 2024
• Unemployment Rate of South Korea dropped to 3 % in Jan 2025
• The country's Labour Force Participation Rate dropped to 63 % in Jan 2025

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Florence, SC, 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 10,346, while the mean income for the highest quintile (20% of households with the highest income) is 208,770. This indicates that the top earners earn 20 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 368,659, which is 176.59% higher compared to the highest quintile, and 3563.30% 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 Florence median household income. You can refer the same here

Graph and download economic data for Income Before Taxes: Other Income by Number of Earners: Consumer Units of Two or More People, One Earner (CXUOTHRINCLB0705M) from 1984 to 2021 about tax, consumer, income, persons, and USA.