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However, the gains during the recovery were very unevenly distributed. Economist Emmanuel Saez wrote in June 2016 that the top 1% of families captured 52% of the total real income (GDP) growth per family from 2009-2015. The gains were more evenly distributed after the tax increases in 2013 on higher-income earners. [95]
Median U.S. household income per County in 2021 Median U.S. household income through 2019 U.S. real median household income reached $63,688 in January 2019, an increase of $171 or 0.3% over one month over that of December 2018. This article is part of a series on Income in the United States of America Topics Household Personal Affluence Social class Income inequality gender pay gap racial pay ...
The Great Recession took place from December 2007 to June 2009. [38] From 2007 to 2010 total income going to the bottom 99 percent of Americans declined by 11.6%, while the top 1% fell by 36.3%. In 2014 Saez and Gabriel Zucman reported that more than half of those in the top 1 percent had not experienced relative gains in wealth between 1960 ...
Real median household income rose to $80,610 in 2023, up 4.0% from 2022, back to the peak reached in 2019, while earnings for workers as a whole were higher than before the pandemic, a boost to ...
The Nov. 5 election is right around the corner and early voting is starting in many states. Knowing this, many Americans are wondering how a Kamala Harris win may affect their household income in...
The official poverty rate in 2015 was 13.5%, down from 14.8% in 2014 but up from 12.5% in 2007, as the economy recovered from the Great Recession of 2007, 2008, and 2009. In 2015, there were 43.1 million in poverty, 3.5 million less than 2014. [140] This was the largest one-year drop in the poverty rate since the 1960s. [2]
Over 20 states still have a minimum wage at the federal rate of $7.25/hour, which has been in place since 2009. That's been a contributing factor to growing household income inequality, according ...
In 2014 a record breaking net worth of $80.7 trillion was achieved. [64] The income disparities even within the top 1.5% are quite drastic. [65] While households in the top 1.5% of households had incomes exceeding $250,000, 443% above the national median, their incomes were still 2200% lower than those of the top 0.1% of households.