In the first quarter of 2025, 51.4 percent of the total wealth in the United States was owned by members of the baby boomer generation. In comparison, millennials owned around 10.3 percent of total wealth in the U.S. In terms of population distribution, there was almost an equal share of millennials and baby boomers in the United States in 2024.

Inequality in family wealth is high, yet we know little about how much and how wealth inequality is maintained across generations. We argue that a long-term perspective reflective of wealth’s cumulative nature is crucial to understand the extent and channels of wealth reproduction across generations. Using data from the Panel Study of Income Dynamics that span nearly half a century, we show that a one decile increase in parental wealth position is associated with an increase of about 4 percentiles in offspring wealth position in adulthood. We show that grandparental wealth is a unique predictor of grandchildren’s wealth, above and beyond the role of parental wealth, suggesting that a focus on only parent-child dyads understates the importance of family wealth lineages. Second, considering five channels of wealth transmission — gifts and bequests, education, marriage, homeownership, and business ownership — we find that most of the advantages arising from family wealth begin much earlier in the life-course than the common focus on bequests implies, even when we consider the wealth of grandparents. We also document the stark disadvantage of African-American households in terms of not only their wealth attainment but also their intergenerational downward wealth mobility compared to whites.

Graph and download economic data for Income Inequality in New York County, NY (2020RATIO036061) from 2010 to 2023 about New York County, NY; inequality; New York; NY; income; and USA.

Graph and download economic data for Income Inequality in Hood River County, OR (2020RATIO041027) from 2010 to 2023 about Hood River County, OR; inequality; OR; income; and USA.

Graph and download economic data for Income Gini Ratio for Households by Race of Householder, All Races (GINIALLRH) from 1967 to 2024 about gini, households, income, and USA.

This statistic shows the inequality of income distribution in China from 2005 to 2023 based on the Gini Index. In 2023, China reached a score of ************ points. The Gini Index is a statistical measure that is used to represent unequal distributions, e.g. income distribution. It can take any value between 1 and 100 points (or 0 and 1). The closer the value is to 100 the greater is the inequality. 40 or 0.4 is the warning level set by the United Nations. The Gini Index for South Korea had ranged at about **** in 2022. Income distribution in China The Gini coefficient is used to measure the income inequality of a country. The United States, the World Bank, the US Central Intelligence Agency, and the Organization for Economic Co-operation and Development all provide their own measurement of the Gini coefficient, varying in data collection and survey methods. According to the United Nations Development Programme, countries with the largest income inequality based on the Gini index are mainly located in Africa and Latin America, with South Africa displaying the world's highest value in 2022. The world's most equal countries, on the contrary, are situated mostly in Europe. The United States' Gini for household income has increased by around ten percent since 1990, to **** in 2023. Development of inequality in China Growing inequality counts as one of the biggest social, economic, and political challenges to many countries, especially emerging markets. Over the last 20 years, China has become one of the world's largest economies. As parts of the society have become more and more affluent, the country's Gini coefficient has also grown sharply over the last decades. As shown by the graph at hand, China's Gini coefficient ranged at a level higher than the warning line for increasing risk of social unrest over the last decade. However, the situation has slightly improved since 2008, when the Gini coefficient had reached the highest value of recent times.

This archive contains replication data and code for "Ideology of Affluence: Rich Americans' Explanations for Inequality and Redistributive Attitudes."

The highest median wealth worldwide was found in North America in 2022, reaching a median level of nearly 110,000 U.S. dollars. Notably, the median wealth in China grew from 3.2 dollars in 2000 to over 30,000 dollars in 2022, underlining the country's remarkable economic growth over the past decades.

Data on redistributive spending in the 50 American states from 1974-2012. Also includes two Gini coefficient measures, economic measures, and demographic measures.

Graph and download economic data for Income Inequality in Wayne County, IA (2020RATIO019185) from 2010 to 2023 about Wayne County, IA; inequality; IA; income; and USA.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Minnesota City, MN, 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 26,668, while the mean income for the highest quintile (20% of households with the highest income) is 139,959. This indicates that the top earners earn 5 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 194,744, which is 139.14% higher compared to the highest quintile, and 730.25% higher compared to the lowest quintile.

https://i.neilsberg.com/ch/minnesota-city-mn-mean-household-income-by-quintiles.jpeg" alt="Mean household income by quintiles in Minnesota City, MN (in 2022 inflation-adjusted dollars))">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 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 2022 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 Minnesota City median household income. You can refer the same here

PNAS_DataData for the PNAS publication "The impact of income, land and wealth inequality on agricultural expansion in Latin America" by M.G. Ceddia

Graph and download economic data for Income Inequality in Baltimore city, MD (2020RATIO024510) from 2010 to 2023 about Baltimore City, MD; inequality; Baltimore; MD; income; and USA.

Between 2010 and 2022, Panama's data on the degree of inequality in income distribution based on the Gini coefficient totaled 50.9. This coefficient represents a deterioration compared to last year. Panama was deemed as the third most unequal country in Latin America.

The Gini coefficient measures the deviation of the distribution of income (or consumption) among individuals or households in a given country from a perfectly equal distribution. A value of 0 represents absolute equality, whereas 100 would be the highest possible degree of inequality.

Graph and download economic data for Income Inequality in Medina County, TX (2020RATIO048325) from 2010 to 2023 about Medina County, TX; San Antonio; inequality; TX; income; and USA.

Historical dataset showing American Samoa income inequality - gini coefficient by year from N/A to N/A.

Women's earnings as a share of men's have increased since 1982 across all age groups. While 25-35 year old women's median hourly earnings were 92 percent of their male counterparts, the pay gap becomes more extreme as women age.

This paper investigates the relationship between trade openness and income inequality in 11 Latin American countries over the period 1989–2015. The authors use a Panel dynamic approach to take into account the high persistence of income inequality. The analysis classifies trade flows, exports and imports according to trading partner’s income level. Then, the authors split trade flows according to different stages of production. The results show that Overall trade flows do not statistically affect income inequality in Latin America. However, trade has divergent effects depending on the trade partners: trade with similar- and lower-income countries exacerbates inequality, while trade with higher-income countries reduces income dispersion. The results also emphasise the role of the export channel (in particular in primary commodities) in explaining income inequality in Latin American countries and imports of consumption goods seem to matter more than imports of intermediate and capital goods.

Graph and download economic data for Income Inequality in Jackson County, MS (2020RATIO028059) from 2010 to 2023 about Jackson County, MS; Pascagoula; inequality; MS; income; and USA.

In a survey conducted in early 2020, ** percent of adults in the United States who identify with the Democratic Party believed that billionaires should be targeted and have to pay a wealth tax as part of the solution to wealth inequality. Independents also favored a wealth tax, with ** percent in support.