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Average and median household income by age group. In 2007, the top 20% of the wealthiest Americans possessed 80% of all financial assets. [14] In 2007 the richest 1% of the American population owned 35% of the country's total wealth, and the next 19% owned 51%.
After the Great Recession which started in 2007, the share of total wealth owned by the top 1% of the population grew from 34.6% to 37.1%, and that owned by the top 20% of Americans grew from 85% to 87.7%. The Great Recession also caused a drop of 36.1% in median household wealth but a drop of only 11.1% for the top 1%. [55] [53]
The Pareto distribution gives 52.8% owned by the upper 1%. According to the OECD in 2012 the top 0.6% of world population (consisting of adults with more than US$1 million in assets) or the 42 million richest people in the world held 39.3% of world wealth. The next 4.4% (311 million people) held 32.3% of world wealth.
The top 1% earned an average annual adjusted gross income of about $2.5 million in 2021, according to the Tax Foundation. The top 25% earned an average of $276,414, while the bottom 50% earned an ...
And what about the top 1%? Their wages jumped an astounding 20% between 2009 and 2019, and they pulled down an average of $819,324 in 2021, up 9.4% from the previous year.
Population growth is fastest among minorities as a whole, and according to the Census Bureau's 2020 estimation, 50% of U.S. children under the age of 18 are members of ethnic minority groups. [22] As of 2020, white people numbered 235,411,507 or 71% of the population, including people who identified as white in combination with another race.
In 2018, the total personal income earned in the United States was $17.6 trillion. [ 37 ] In 2008, all households in the United States earned roughly $12,442.2 billion. [ 37 ] One half, 49.98%, of all income in the US was earned by households with an income over $100,000, the top twenty percent.
The primary classifications are by household or individual. The top quintile in personal income in 2019 was $103,012 [2] (included in the chart below). The differences between household and personal income are considerable, since 61% of households now have two or more income earners. [3] Median personal income in 2020 was $56,287 for full time ...