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 the third quarter of 2024, the top ten percent of earners in the United States held over ** percent of total wealth. This is fairly consistent with the second quarter of 2024. Comparatively, the wealth of the bottom ** percent of earners has been slowly increasing since the start of the *****, though remains low. Wealth distribution in the United States by generation can be found here.

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.

New York was the state with the greatest gap between rich and poor, with a Gini coefficient score of 0.52 in 2023. Although not a state, District of Columbia was among the highest Gini coefficients in the United States that year.

The USA: Gini income inequality index: The latest value from 2022 is 41.3 index points, an increase from 39.7 index points in 2021. In comparison, the world average is 38.33 index points, based on data from 28 countries. Historically, the average for the USA from 1963 to 2022 is 38.7 index points. The minimum value, 34.7 index points, was reached in 1980 while the maximum of 41.5 index points was recorded in 2014.

In 2023, according to the Gini coefficient, household income distribution in the United States was 0.47. This figure was at 0.43 in 1990, which indicates an increase in income inequality in the U.S. over the past 30 years. What is the Gini coefficient? The Gini coefficient, or Gini index, is a statistical measure of economic inequality and wealth distribution among a population. A value of zero represents perfect economic equality, and a value of one represents perfect economic inequality. The Gini coefficient helps to visualize income inequality in a more digestible way. For example, according to the Gini coefficient, the District of Columbia and the state of New York have the greatest amount of income inequality in the U.S. with a score of 0.51, and Utah has the greatest income equality with a score of 0.43. The Gini coefficient around the world The Gini coefficient is also an effective measure to help picture income inequality around the world. For example, in 2018 income inequality was highest in South Africa, while income inequality was lowest in Slovenia.

Income Inequality in Montgomery County, MD was 15.38085 Ratio in January of 2023, according to the United States Federal Reserve. Historically, Income Inequality in Montgomery County, MD reached a record high of 15.38085 in January of 2023 and a record low of 12.80430 in January of 2010. Trading Economics provides the current actual value, an historical data chart and related indicators for Income Inequality in Montgomery County, MD - last updated from the United States Federal Reserve on July of 2025.

Income Inequality in New Haven County, CT was 16.98266 Ratio in January of 2021, according to the United States Federal Reserve. Historically, Income Inequality in New Haven County, CT reached a record high of 16.98266 in January of 2021 and a record low of 14.89356 in January of 2010. Trading Economics provides the current actual value, an historical data chart and related indicators for Income Inequality in New Haven County, CT - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Share of Net Worth Held by the 50th to 90th Wealth Percentiles (WFRBSN40188) from Q3 1989 to Q1 2025 about net worth, wealth, percentile, Net, and USA.

Income Inequality in Westchester County, NY was 25.51079 Ratio in January of 2023, according to the United States Federal Reserve. Historically, Income Inequality in Westchester County, NY reached a record high of 25.51079 in January of 2023 and a record low of 21.21995 in January of 2010. Trading Economics provides the current actual value, an historical data chart and related indicators for Income Inequality in Westchester County, NY - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for GINI Index for the United States (SIPOVGINIUSA) from 1963 to 2023 about gini, indexes, and USA.

Income Inequality in Denver County, CO was 17.97779 Ratio in January of 2023, according to the United States Federal Reserve. Historically, Income Inequality in Denver County, CO reached a record high of 20.23338 in January of 2010 and a record low of 17.13318 in January of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for Income Inequality in Denver County, CO - last updated from the United States Federal Reserve on July of 2025.

Based on the degree of inequality in income distribution measured by the Gini coefficient, Colombia was the most unequal country in Latin America as of 2022. Colombia's Gini coefficient amounted to 54.8. The Dominican Republic recorded the lowest Gini coefficient at 37, even below Uruguay and Chile, which are some of the countries with the highest human development indexes in Latin America. The Gini coefficient explained The Gini coefficient measures the deviation of the distribution of income 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. This measurement reflects the degree of wealth inequality at a certain moment in time, though it may fail to capture how average levels of income improve or worsen over time. What affects the Gini coefficient in Latin America? Latin America, as other developing regions in the world, generally records high rates of inequality, with a Gini coefficient ranging between 37 and 55 points according to the latest available data from the reporting period 2010-2023. According to the Human Development Report, wealth redistribution by means of tax transfers improves Latin America's Gini coefficient to a lesser degree than it does in advanced economies. Wider access to education and health services, on the other hand, have been proven to have a greater direct effect in improving Gini coefficient measurements in the region.

In the first quarter of 2024, 51.8 percent of the total wealth in the United States was owned by members of the baby boomer generation. In comparison, millennials own around 9.4 percent of total wealth in the U.S. In terms of population distribution, there is almost an equal share of millennials and baby boomers in the United States.

Income Inequality in Lake County, IN was 15.56681 Ratio in January of 2023, according to the United States Federal Reserve. Historically, Income Inequality in Lake County, IN reached a record high of 15.56681 in January of 2023 and a record low of 13.13563 in January of 2010. Trading Economics provides the current actual value, an historical data chart and related indicators for Income Inequality in Lake County, IN - last updated from the United States Federal Reserve on June of 2025.

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 Inequality in Lorain County, OH was 15.72676 Ratio in January of 2023, according to the United States Federal Reserve. Historically, Income Inequality in Lorain County, OH reached a record high of 15.72676 in January of 2023 and a record low of 12.08350 in January of 2010. Trading Economics provides the current actual value, an historical data chart and related indicators for Income Inequality in Lorain County, OH - last updated from the United States Federal Reserve on June of 2025.

In the U.S., median household income rose from 51,570 U.S. dollars in 1967 to 80,610 dollars in 2023. In terms of broad ethnic groups, Black Americans have consistently had the lowest median income in the given years, while Asian Americans have the highest; median income in Asian American households has typically been around double that of Black Americans.

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.

Income Inequality in Palm Beach County, FL was 19.40377 Ratio in January of 2023, according to the United States Federal Reserve. Historically, Income Inequality in Palm Beach County, FL reached a record high of 19.47998 in January of 2022 and a record low of 16.92851 in January of 2010. Trading Economics provides the current actual value, an historical data chart and related indicators for Income Inequality in Palm Beach County, FL - last updated from the United States Federal Reserve on July of 2025.