Income in the United States

Income in the United States

Income in the United States is measured by the United States Department of Commerce either by household or individual. The differences between household and personal income is considerable since 42% of households, the majority of those in the top two quintiles with incomes exceeding $57,658, now have two income earners.cite web|url=|title=US Census Bureau, number of income earners per quintile, 2006|accessdate=2006-12-23] This difference becomes very apparent when comparing the percentage of households with six figure incomes to that of individuals. In 2006, 17.3% of households had incomes exceeding $100,000,cite web|url=|title=US Census 2005 Economic Survey, income data|accessdate=2006-12-09] compared to slightly less than 6% of individuals.cite web|url=|title=US Census Bureau, personal income distribution|accessdate=2006-12-09] Overall the median household income was $46,326 in 2006 while the median personal income (including only those above the age of 25) was $32,140.cite web|url=|title=US Census Bureau, median income of persons, age 25 or older|accessdate=2006-12-09]

Income inequality has increased considerably, with the mean after-tax income of the top percentile increasing 167%, versus 69% for the top quintile overall, 29% for the fourth quintile, 21% for the middle quintile, 17% for the second quintile and 6% for the bottom quintile.cite web|url=|title=Aron-Dine, A. & Sherman, A. (January 23, 2007). New CBO Data Show Income Inequality Continues to Widen: After-tax-income for Top 1 Percent Rose by $146,000 in 2004.|accessdate=2007-11-24] While wages for women have increased greatly, median earnings of male wage earners have remained stagnant since the late 1970s.cite web|url=|title=U.S. Census Bureau. (1991). Table P-17. Years of School Completed--People 25 Years Old and Over by Median Income and Sex: 1958 to 1990.|accessdate=2007-11-24] cite web|url=|title=U.S. Census Bureau. (2006). Table P-16. Educational Attainment--People 25 Years Old and Over by Median Income and Sex: 1991 to 2005.|accessdate=2007-11-24] Household income, however, has risen due the increasing number of household with more than one income earners and women's increased presence in the labor force.cite web|url=|title=U.S. Census Bureau. (2005). Table H-17. Households by Total Money Income, Race, and Hispanic Origin of Householder: 1967 to 2004.|accessdate=2007-11-24]

"Information regarding private income by household or individual can be found on the following articles:"
*Household income in the United States
*Personal income in the United States"Other related articles are:"
*Affluence in the United States
*Income inequality in the United States

Income at a glance

ee also

*Economy of the United States


External links

* [ Savings rate viz Fed rate from 1954] Historical relationship between the savings rate and the Fed rate - since 1954

Wikimedia Foundation. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Per capita personal income in the United States — The per capita personal income of the United States is the income that is received by persons from all sources. It is calculated as the sum of wage and salary disbursements, supplements to wages and salaries, proprietors income with inventory… …   Wikipedia

  • Household income in the United States — For information on the income of individuals, see Personal income in the United States. Median household income in the United States, by county, in 2008 Income in the United States …   Wikipedia

  • Income inequality in the United States — is the extent to which income, most commonly measured by household or individual, is distributed in an uneven manner. While there seems to be consensus among social scientists that some degree of income inequality is needed, the extent of income… …   Wikipedia

  • States of the United States of America by income — States ranked by median household income in order Median Household Income by State: 2007 [ bm=y box head nbr=R1901 ds name=ACS 2007 1YR G00 lang=en format=US 30 CONTEXT=grt] # Maryland ndash; $68,080… …   Wikipedia

  • Personal income in the United States — Personal income is a measure utilized by the United States government, particularly the Department of Commerce, to determine the income of individuals. It is most often only applied to those who are either above the age of 15, 18, or 25 and are… …   Wikipedia

  • Taxation of illegal income in the United States — In the United States, the Internal Revenue Code (IRC) was enacted by the U.S. Congress in part for the purpose of taxing net income. [ Commissioner v. Tellier , 383 U.S. 687, 691, 86 S. Ct. 1118, 66 1 U.S. Tax Cas. (CCH) paragr. 9319 (1966).] The …   Wikipedia

  • Income tax in the United States — UStaxationThe federal government of the United States imposes a progressive tax on the taxable income of individuals, partnerships, companies, corporations, trusts, decedents estates, and certain bankruptcy estates. Some state and municipal… …   Wikipedia

  • Poverty in the United States — The most common measure of poverty in the United States is the poverty line set by the U.S. government. This measure recognizes poverty as a lack of those goods and services commonly taken for granted by members of mainstream society.Schwartz, J …   Wikipedia

  • Outline of the United States — …   Wikipedia

  • Homeownership in the United States — The homeownership rate in the United Statescite web|url=|title=US Census Bureau, homeownership by race|accessdate=2006 10 06] cite web|url=… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”