In March 2025, the top one percent of earners in the United Kingdom received an average pay of over 16,000 British pounds per month, compared with the bottom ten percent of earners who earned around 800 pounds a month.

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.

This table presents income shares, thresholds, tax shares, and total counts of individual Canadian tax filers, with a focus on high income individuals (95% income threshold, 99% threshold, etc.). Income thresholds are geography-specific; for example, the number of Nova Scotians in the top 1% will be calculated as the number of taxfiling Nova Scotians whose total income exceeded the 99% income threshold of Nova Scotian tax filers. Different definitions of income are available in the table namely market, total, and after-tax income, both with and without capital gains.

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.

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.

The average pre-tax income of the top ten percent earners in Spain was over 95,500 euros at purchasing power parity (PPP) as of 2022, almost nine times more than the average income of the bottom half earners. Looking at the distribution of national income in Spain, the earnings of the least affluent half of the population equated to 21 percent of the total country income in 2022, 0.1 percentage points less than one decade earlier. Moreover, the top one percent of earners in Spain accounted for over ten percent of the overall national income.

The bottom 50 percent in Russia earned an average of 7.7 thousand euros at purchasing power parity (PPP) before income tax in 2021. To compare, the mean income of the top 10 percent stood at 104.6 thousand euros in the same year. Looking at the percentage distribution of national wealth in the country, the poorest half held only three percent of the total in 2021.

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.

Graph and download economic data for Consumer Unit Characteristics: Percent Elementary (1-8) by Number of Earners: Single Consumers, No Earner (CXU980290LB0702M) from 1984 to 2023 about elementary, consumer unit, education, percent, consumer, and USA.

Income of individuals by age group, sex and income source, Canada, provinces and selected census metropolitan areas, annual.

In the 3 years to March 2021, black households were most likely out of all ethnic groups to have a weekly income of under £600.

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

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.

Building on arguments to political incomes, career concerns and elitist networks, this study assumes that an increasing percentage of highly incentivized former executive board members within the German Federal Government (1957–2012) will decrease the top earners’ average income tax rate during the subsequent year. Conversely, the percentage of lower incentivized former supervisory board members is assumed to increase the top earners’ average income tax rate. Both effects are assumed to be enforced if the ruling parties have strong support in the German Bundestag. The empirical results significantly confirm the unconditional effect for former executive board members and the conditional effect for former supervisory board members.

Corresponding to sociological findings (see Hartmann 2002, Der Mythos von den Leistungseliten. Frankfurt a.M., Campus) and building on Barro’s (1973, The Control of Politicians: An Economic Model. Public Choice 14(1): 19–42) approach to the selfish maximization of political income and arguments regarding career concerns from principal agent theory (see, e. g. Fama 1980, Agency Problems and the Theory of the Firm. Journal of Political Economy 88, 288–307), this study assumes a strong incentive for former executive board members in the German Federal Government (1957–2012) to maximize their political income by lowering the top earners’ average income tax rate (1958–2013) due to their social elitist homogeneity and career concerns in terms of future job opportunities in business corporations. Conversely, former supervisory board members are assumed to increase the top earners’ average income tax rate due to their differing social backgrounds. Despite possible career concerns, they are assumed to increase the top earners’ average income tax rate in order not to lose their previously gained ideological credibility. Both effects are assumed to be enforced if the ruling parties have more than or equal to 55 % of seats in the German Bundestag. By running OLS and Tobit regressions, the empirical results confirm an unconditional decreasing effect of a higher percentage of previous executive board members and a conditional increasing effect of a higher percentage of previous supervisory board members on the top earners’ average income tax rate.

Graph and download economic data for Net Worth Held by the Bottom 50% (1st to 50th Wealth Percentiles) (WFRBLB50107) from Q3 1989 to Q1 2025 about net worth, wealth, percentile, Net, and USA.

In Mexico, as of 2022, the bottom 50 percent, which represents the population whose income lied below the median, earned on average 2,076 euros at purchasing power parity (PPP) before income taxes. Meanwhile, the top ten percent had an average earning of 111,484 euros, 53 times over than the average earning of the bottom half. Further, the bottom 50 percent accounted for -0.3 percent of the overall national wealth in Mexico, that is, they have on average more debts than assets.

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