Us Income Distribution Pie Chart

Pay special attention to the bottom 90 percent of americans who collectively held just a little more than half of the nation s wealth in 2010 all while the wealthiest 0 01 percent held nearly five percent.

Us income distribution pie chart. I ve also included a household income by year calculator for you to compare household income centile rank for each year in the set. As with the distribution of aggregate income the share of u s. Other income find this list of all components household income percentiles for the united states in 2020. On this page is the united states average household income by year and median household income by year between 1968 and 2020.

Focusing on private income such as earnings and dividends plus cash government benefits we see that the income of families. From 1983 to 2016 the share of aggregate wealth going to upper income families increased from 60 to 79. Contrary to my colleague doug s description of the federal government as existing primarily to redistribute wealth there is actually very little wealth re distribution in the united states. Household income is defined as all income earned in the household.

The chart above uses numbers i pulled from the latest cbo report showing shares of taxes pre tax income and after tax income by quintile in 2007 last. Also wealth disparities are much greater than income disparities. Wealth is even more concentrated. While the summary statistics are nice there s no replacement for a more complete view of the us income distribution.

Income inequality can worsen wealth inequality because the income people have available to save and invest matters. Three times as much by one measure. The median household income increased for the fifth consecutive year. The difficulty is truly grasping the size of that gap a problem the below infographic by visualizing economics helps make easier.

In the piece land of the free home of the poor we used a trio of pie charts broken down into. In 2019 a little more than 53 percent of americans had an annual household income that was less than 75 000 u s. The arc length of each section is proportional to the quantity it represents usually resulting in a shape similar to a slice of pie. While the top 1 of the income distribution gains 20 of national income the top 1 of the net worth distribution controls about 40 of the wealth.

Aggregate wealth held by upper income families is on the rise. A pie chart is a circular chart that shows how data sets relate to one another. Meanwhile the share held by middle income families has been cut nearly in half falling from 32 to 17.