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=http://pubdb3.census.gov/macro/032006/hhinc/new05_000.htm|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 withsix figure income s to that of individuals. In 2006, 17.3% of households had incomes exceeding $100,000,cite web|url=http://pubdb3.census.gov/macro/032005/hhinc/new06_000.htm|title=US Census 2005 Economic Survey, income data|accessdate=2006-12-09] compared to slightly less than 6% of individuals.cite web|url=http://pubdb3.census.gov/macro/032006/perinc/new01_001.htm|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=http://pubdb3.census.gov/macro/032006/perinc/new03_001.htm|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=http://www.cbpp.org/1-23-07inc.htm|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=http://www.census.gov/hhes/www/income/histinc/p17.html|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=http://www.census.gov/hhes/www/income/histinc/p16.html|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=http://www.census.gov/hhes/www/income/histinc/h17.html|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
*Salary References
External links
* [http://www.intelligentguess.com/blog/2007/04/09/usa-relationship-between-fed-rate-and-savings-rate-data-from-1954/ Savings rate viz Fed rate from 1954] Historical relationship between the savings rate and the Fed rate - since 1954
Wikimedia Foundation. 2010.
Look at other dictionaries:
Standard of living in the United States — The standard of living in the United States is one of the top 20 in the world by the standards economists use as measures of standards of living. Per capita income is high but also less evenly distributed than in most other developed countries;… … Wikipedia
History of the United States — The United States is located in the middle of the North American continent, with Canada to the north and Mexico to the south. The United States ranges from the Atlantic Ocean on the nation s east coast to the Pacific Ocean bordering the west, and … Wikipedia
Law of the United States — The law of the United States was originally largely derived from the common law system of English law, which was in force at the time of the Revolutionary War. [Lawrence M. Friedman, A History of American Law , 3rd ed. (New York: Touchstone,… … Wikipedia
Taxation in the United States — is a complex system which may involve payment to at least four different levels of government and many methods of taxation. United States taxation includes local government, possibly including one or more of municipal, township, district and… … Wikipedia
Economy of the United States — Economy of United States Rank 1st (nominal) / 1st (PPP) Currency US$ (USD) … Wikipedia
Social Security (United States) — This article is about the retirement/disability program. For the general concept of providing welfare, see Social security. For other uses, see Social Security (disambiguation) … Wikipedia
Education in the United States — of America U.S. Department of Education Secretary Deputy Secretary Arne Duncan Anthony Miller … Wikipedia
Foreign policy of the United States — United States This article is part of the series: Politics and government of the United States … Wikipedia
Constitution Party (United States) — Constitution Party Chairman Jim Clymer Senate Leader None … Wikipedia
First Bank of the United States — Infobox nrhp nrhp type = nhl name =First Bank of United States caption = The First Bank of the United States east facade. location = Philadelphia, Pennsylvania lat degrees = 39 | lat minutes = 56 | lat seconds = 53.25 | lat direction = N long… … Wikipedia
Republican Party (United States) — ] supports increased Federal investment into the development of clean alternative fuels such as ethanol as a way of helping the U.S. achieve energy independence. McCain supports the cap and trade policy, a policy that is quite popular among… … Wikipedia
