The share of income controlled by the top 10 percent bottomed out in the 1970s but has reached new highs the top 10 percent of all income earners now control around 38 percent of national income. Trends and issues congressional research service summary income inequality that is the extent to which individuals or households incomes differ has increased in the united states since the 1970s.
Household income distribution by gini coefficient 1990 2019 published by statista research department jan 20 2021 in 2019 according to the gini coefficient household income distribution.
Income distribution graph usa. The red line in the image seen below represents a graph of u s. Household income across the population mostly based on 2014 census data. See figure 1 figure 1.
Median household income was 68 703 in 2019 an increase of 6 8 percent from the 2018 median of 64 324 figure 1 and table a 1. Percentage distribution of household income in the u s. The wealthiest 10 percent of households have long controlled more than 50.
The census data leaves out incomes over 250 000 which. Yes the little bar on the left is everyone. Rising income inequality over this time period is.
Silent and earlier born before 1946 baby boomer born 1946 1964 gen x born 1965 1980 and millennial born 1981 1996. The height of the curve at any point is the height of a stack of 100 bills equalling that income. The 2019 real median incomes of family households and nonfamily households increased 7 3 percent and 6 2 percent from their respective 2018 estimates figure 1 and table a 1.
Distributions by generation are defined by birth year as follows. Retrieved february 01 2021 from https www. That s because what the actual graph of the us income distribution is is this one.
There are any number of observations i could make about this chart. Note that it illustrates in one compact form the distribution of income median income the five income quintiles and the incomes of the top 10 5 and 2 of income earners. An updated tour of the u s.
Household income distribution in the united states in 2019. Actually this graph isn t right either because the ssa truncates at. Wealth concentration has risen even faster.