Income Disparity In America
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During this time the share of adults in the upper income tier increased from 14 to 20 and the share in the lower income tier increased from 25 to 29.
Income disparity in america. 3 their average household income was 233 895. In 2018 the top 20 of the population earned 52 of all u s. Us income inequality statistics editor s choice. The nationwide protests following the death of a black man george floyd at the hands of white police officers has once again shone a spotlight on the long standing racial divide in the us.
From 2000 to 2018 the average salary for workers in america rose only 17. Yet by 2016 that ratio had fallen to just. The richest of the rich the top 5 earned 23 of all income. In 1989 the richest 5 of families had 114 times as much wealth as families in the second quintile 2 3 million compared with 20 300.
By 2016 this ratio had increased to 248 a much sharper rise than the widening gap in income. In 2019 the number of employed americans rose by 267 000. The bottom 20 only earned 3 1 of the nation s income. As a result the wealth gap between america s richest and poorer families more than doubled from 1989 to 2016.
41 4 of americans are classified as low income or low income families. Their average household income was 416 520. The top 1 earns forty times more than the bottom 90. The share of american adults who live in middle income households has decreased from 61 in 1971 to 51 in 2019.
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