In 2023, the real median household income for householders aged 15 to 24 was at 54,930 U.S. dollars. The highest median household income was found amongst those aged between 45 and 54. Household median income for the United States since 1990 can be accessed here.

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

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Old Lycoming Township, Pennsylvania, 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 18,453, while the mean income for the highest quintile (20% of households with the highest income) is 184,777. This indicates that the top earners earn 10 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 278,711, which is 150.84% higher compared to the highest quintile, and 1510.38% 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 Old Lycoming township median household income. You can refer the same here

A dataset listing the richest zip codes in New Jersey per the most current US Census data, including information on rank and average income.

In 2022, 22.6 percent of the Canadian population had an annual income of 100,000 Canadian dollars or more. Moreover, some 19 percent had an annual income between 60,000 and 79,999 Canadian dollars, representing the second largest group.

In 2024 men aged between 50 and 59 were the highest full-time earners in the United Kingdom among different gender and age groups, with men of different ages consistently earning more than women.

A dataset listing the richest zip codes in North Carolina per the most current US Census data, including information on rank and average income.

In 2023, Malaysian employees between the ages of 40 and 44 years old earned the highest average monthly salary, at ***** Malaysian ringgit. With a retirement age of just 60 years old, Malaysian workers could look forward to earning more monthly average wage starting from around 40 years old. Economic outlook Malaysia is one of the biggest and strongest economies of South-East Asia, with a relatively low unemployment rate. The average monthly salary steadily increased from ***** Malaysian ringgit in 2014 to ***** Malaysian ringgit in 2023. Employees with a university degree could expect to earn almost twice as much. Can wages keep up with the cost of living? However, when seen in the context of rising living costs, wages in Malaysia have not been able to keep up. Despite having a relatively low inflation rate, prices have still gone up. Malaysians spent more than ** percent of their income on housing and food. In May 2022, the Malaysian government increased the minimum wage to 1,500 Malaysian ringgit monthly, or 7.21 Malaysian ringgit hourly, in the hopes of easing the financial burdens of its citizens.

In Turkey, the average annual income was recorded at higher values in the case of men than women each year from 2008 to 2023. However, the gender pay gap fluctuated over time and has been widening from 2022. In 2023, men earned over ******* Turkish lira on average, whereas women made nearly ****** Turkish lira. That indicated a **-percent pay gap between men and women in the country. Average income varies significantly depending on education level With high inflation leading to soaring prices and a decline in purchasing power within the country, the Minimum Wage Determination Commission, established by the Turkish government, has taken steps to regulate the minimum wage. As of 2024, the minimum wage was adjusted to ****** Turkish lira (***** U.S. dollars as of September 30, 2024), more than doubling compared to the previous year. Meanwhile, education levels continue to play a crucial role in income disparities in Turkey. Individuals with higher education degrees consistently earned the highest average annual income, reaching nearly ******* Turkish lira in 2023.  In contrast, illiterate individuals earned about ****** Turkish lira on average. Labor force participation and economic inactivity The average labor force participation rate in Turkey reached **** percent in 2023, with considerable regional variations. That year, Ardahan recorded the highest rate at **** percent, while Siirt had the lowest at **** percent. At the same time, there were a significant number of Turkish people who were not in the workforce in 2023. Over **** million people did not work that year due to being housewives, and nearly *** million were absent due to disability, old age, or illness.

From April 2025 onwards, the UK's main national minimum wage category, the national living wage, will rise to ***** pounds per hour, up from ***** pounds per hour in the previous financial year. This amount will apply to workers aged 21 and over, compared with 2022 and 2023 when it was only for workers aged 23 and over, and for those aged 25 and over between 2016 and 2021. The main minimum wage from 2010 to 2015 was the 21+ rate, and 22+ rate between 1999 and 2009. Evolution of the minimum wage Since its introduction in 1999, the minimum wage has had various rate categories, usually based on age. For the first five years, there were two categories, one for workers 18 to 21, and another for workers aged 22 and over. In 2004, a minimum wage for under 18s was introduced, and between 2010 and 2015 there were three rates based on age, and one for apprenticeships. Another age based-rate was added in 2016, but from 2024 onwards, the model will revert to four rate categories overall. In addition to the legal minimum wage, there is also a voluntary real living wage, which for 2024/25 is **** pounds per hour, rising to ***** pounds per hour for workers in London. Wages continue to outpace inflation in 2024 Since July 2023, wages have grown faster than inflation in the UK with December 2024 seeing regular weekly earnings grow by *** percent, compared with the CPI inflation rate of *** percent that month. For almost two years between November 2021 and June 2023, wage growth struggled to keep up with inflation, with the biggest gap occurring in October 2022 when inflation peaked at **** percent. The fall in real earnings in one of the most important factors in the UK's ongoing cost of living crisis. At the height of the crisis, around ** percent of UK households were reporting a monthly increase in their cost of living, with this falling to ** percent by March 2024.

In April 2025, the UK minimum wage for adults over the age of 21 in will be 12.21 pounds per hour. For the 2025/26 financial year, there will be four minimum wage categories, three of which are based on age and one for apprentice workers. Apprentices, and workers under the age of 18 will have a minimum wage of 7.55 pounds an hour, increasing to ten pounds for those aged 18 to 20. When the minimum wage was first introduced in 1999, there were just two age categories; 18 to 21, and 22 and over. This increased to three categories in 2004, four in 2010, and five between 2016 and 2023, before being reduced down to four in the most recent year. The living wage The living wage is an alternative minimum wage amount that employers in the UK can voluntarily pay their employees. It is calculated independently of the legal minimum wage and results in a higher value figure. In 2023/24, for example, the living wage was twelve pounds an hour for the UK as a whole and 13.15 for workers in London, where the cost of living is typically higher. This living wage is different from what the UK government has named the national living wage, which was 10.42 in the same financial year. Between 2011/12 and 2023/24, the living wage has increased by 4.80 pounds, while the London living wage has grown by 4.85 pounds. Wage growth cancelled-out by high inflation 2021-2023 For a long period between the middle of 2021 and late 2023, average wage growth in the UK was unable to keep up with record inflation levels, resulting in the biggest fall in disposable income since 1956. Although the UK government attempted to mitigate the impact of falling living standards through a series of cost of living payments, the situation has still been very difficult for households. After peaking at 11.1 percent in October 2022, the UK's inflation rate remained in double figures until March 2023, and did not fall to the preferred rate of two percent until May 2024. As of November 2024, regular weekly pay in the UK was growing by 5.6 percent in nominal terms, and 2.5 percent when adjusted for inflation.

On average, the income of seventeen year olds in the United Kingdom was higher than that children in any other age group. Between March 2024 and February 2025, children aged six had a weekly income of 4.99 British pounds, while those aged 17 had an income of 23.97 per week. Those figures include the weekly regular pocket money provided to children by parents, as well as income from chores and jobs, and other sources of money.

Children and money worldwide The average amount of pocket money of Japanese children did not exactly follow the correlation observed in this statistic about the United Kingdom. In Japan, kids had more money before they reach the age to enroll in elementary school than during their elementary school studies. There are several ways through which children can save money themselves or with the help of their parents. The most common financial instruments for children between eight and 14 years old in the United States were savings accounts and piggy banks. Child poverty Child poverty is a problem affecting a significant share of the population even in developed economies. For example, 14.4 percent of all children in Germany were at risk of poverty in 2024. Meanwhile, Romania, Montenegro, and Bulgaria were, in 2022, some of the countries with the most children at risk of poverty or social exclusion in Central and Eastern Europe. The probability of children finding themselves in these situations can vary within a country depending on their socioeconomic and ethnic background, the region where they live, or whether they are being raised by a single parent or not.

In 2024, Spotify reported its first-ever annual net profit of 1.14 billion euros, after a net loss of 532 million euros in 2023 and 430 million euros in 2022. This turnaround reflects strong revenue growth, cost optimizations, and a surge in premium subscribers. Since its launch, the company has struggled with profitability, experiencing its largest net loss of 581 million euros in 2020. However, with increasing revenues and strategic adjustments, Spotify has solidified its position as a leader in the music streaming industry. Further information Spotify is one of the leading online streaming services worldwide, experiencing rapid growth over the years. With a compound annual growth rate of 61 percent over 14 years, the platform reached 265 million paying subscribers by the end of 2024. The music streaming service also hit an all-time high of 640 million active users globally, marking a 12 percent increase in just one year. Spotify has proved popular across various markets, cementing its position as the dominant player in the digital music industry. Spotify has proved popular in multiple markets across the world, namely the United States, where more than 25 percent of 18 to 34-year-olds reported using the service. Spotify’s appeal does not only lie in its music streaming and online radio capabilities but the platform’s strong social components such as users being able to add and message friends, as well as being able to create and share music playlists as well as recommend tracks to connected users. Spotify also allows users to login with their Facebook accounts and to cross-post their listening habits to the social network In 2015, the company’s revenue surpassed 1 billion euros for the first time but not without a cost – that year, Spotify’s net loss amounted to 162 million euros. A major part of Spotify’s expenses are the royalty fees that the streaming platform has to pay to the music artists and license holders, with payments amounting to over 882 million U.S. dollars in 2014. As the music streaming industry continues to expand, digital streaming revenue in the United States reached 14.36 billion U.S. dollars in 2023, accounting for the majority of the music industry’s total revenue.

In Europe, the variation in average amounts of financial wealth per adult varied considerably as of 2022, from approximately ******* U.S. dollars in Switzerland to roughly ***** U.S. dollars in Azerbaijan. In Europe, the overall average financial wealth per adult as of 2022 was ****** U.S. dollars. In terms of private wealth, Europe held the second highest value in the world, after North America. What is financial wealth? Financial wealth, also known as financial assets or liquid assets can include wealth that an individual has in the forms of cash, stocks, bonds, mutual funds, and bank deposits. In addition to financial wealth, wealth can also be measured in other assets, called non-financial wealth. This includes physical assets, such as real estate, land, vehicles, jewelry, and art, just to name a few. Where do most wealthy individuals live? Individuals with a net worth over *********** U.S. dollars are called high-net worth individuals (HNWI). The United States was the home country to the highest number of HNWIs in 2021. China followed, although their number of HNWIs did not even reach ********* of the number in the United States. In Europe, Switzerland is the country with the highest average financial wealth per adult, but with its small population size, the number of HNWIs does not come near the numbers in the United Kingdom, Germany, France, and Italy – the European countries with the highest number of HNWIs. Considering Switzerland’s small population size, however, it is the country in the world with the highest proportion of millionaires.