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Real GDP per household has typically increased since the year 2000, while real median income per household was below 1999 levels until 2016, indicating a trend of greater income inequality. Total compensation's share of GDP has declined by 4.5 percentage points from 1970 to 2016.
Real GDP per capita rose from $46,930 in 2009 to $51,523 in 2016 (a record level), an increase of $4,593 or 9.7%. Inflation (measured by CPI-All Urban Consumers, All Items) fell to a historically low level during his administration, averaging 1.4% from Q2 2009 to Q4 2016, well below the 3.0% average from Q1 1989 to Q4 2008.
The US household income Gini of 46.8 in 2009 varied significantly between states: after-tax income inequality in 2009 was greatest in Texas and lowest in Maine. Income inequality grew from 2005 to 2012 in more than 2 out of 3 metropolitan areas.
Four UN members (Cuba, Liechtenstein, Monaco and North Korea) do not belong to the IMF hence their economies are not ranked below. Kosovo, despite not being a member of the United Nations, is a member of IMF. Taiwan is not a IMF member but it is still listed in the official IMF indices. Several leading GDP-per-capita (nominal) jurisdictions may ...
During the depths of the recession in 2009, as millions of Americans lost their jobs, homes and life savings, the highest-paid earners in the United States saw their average incomes increase more ...
Income in the United States. Overall median household income by state in 2018. Income in the United States is measured by the various federal agencies including the Internal Revenue Service, Bureau of Labor Statistics, US Department of Commerce, and the US Census Bureau.
States and territories ranked by median household income. Average annual growth rate 2010–2021, % States and Washington, D.C. 2021 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 Growth rate United States: $69,717: $65,712: $63,179: $60,336: $57,617: $55,775: $53,657: $52,250: $51,371: $50,502: $50,046: 3.07% Washington, D.C. $90,088 ...
For example, the median 2009 income for households headed by individuals age 15–24 was only $30,750, but increased to $50,188 for household headed by individuals age 25–34 and $61,083 for household headed by individuals 35–44.
2009: $40,711.61: 2010: $41,673.83 2011: $42,979.61: 2012: $44,321.67: 2013: $44,888.16 2014: $46,481.52: 2015: $48,098.63: 2016: $48,642.15 2017: $50,321.89: 2018: $52,145.80: 2019: $54,099.99 2020: $55,628.60
While pre-tax income is the primary driver of income inequality, the less progressive tax code further increased the share of after-tax income going to the highest income groups. For example, had these tax changes not occurred, the after-tax income share of the top 0.1% would have been approximately 4.5% in 2000 instead of the 7.3% actual figure.