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view source for income distribution wikipedia jump to content main menu main menu move to sidebar hide navigation main page contents current events random article about wikipedia contact us contribute help learn to edit community portal recent changes upload file special pages search search appearance donate create account log in personal tools donate create account log in view source for income distribution add languages article talk english read edit view history tools tools move to sidebar hide actions read edit view history general what links here related changes upload file page information get shortened url switch to legacy parser in other projects wikidata item appearance move to sidebar hide income distribution you do not have permission to edit this page for the following reason this ip address range has been globally blocked this does not affect your ability to read wikipedia pages most people who see this message have done nothing wrong some kinds of blocks restrict editing from specific service providers or telecom companies in response to recent abuse or vandalism and can sometimes affect other users who are unrelated to that abuse review the information below for assistance if you do not believe that you have done anything wrong this block affects editing on all wikimedia wikis the ip address or range 5 135 0 0 16 has been globally blocked by jon kolbert for the following reason s open proxy webhost visit the faq if you are affected this block will expire on 04 29 8 january 2027 your current ip address is 5 135 42 194 even while globally blocked you will usually still be able to edit pages on meta wiki if you believe you were blocked by mistake you can find additional information and instructions in the stewards block wizard other useful links global blocks help i have been blocked you can view and copy the source of this page united states main article household income in the united states further income inequality in the united states multiple image total_width 550 title income growth since 1970 image1 1970 relative income growth by percentiles us png caption1 relative income growth organized by percentile classes normalized to 1970 levels graph accounts for both income growth and the hidden decline in the progressivity of the tax code at the top the wealthiest earners having seen their effective tax rates steadily fall ref name washpost_20191209 cite news last1 sargent first1 greg title the massive triumph of the rich illustrated by stunning new data url https www washingtonpost com opinions 2019 12 09 massive triumph rich illustrated by stunning new data newspaper the washington post date december 9 2019 archive url https web archive org web 20191209180702 https www washingtonpost com opinions 2019 12 09 massive triumph rich illustrated by stunning new data archive date december 9 2019 url status live original data and analysis zucman gabriel and saez emmanuel the triumph of injustice how the rich dodge taxes and how to make them pay w w norton company october 15 2019 ref image2 1970 relative income growth by percentiles us logarithmic png caption2 same data ref name washpost_20191209 as adjacent chart but plotted on logarithmic scale to show absolute dollar amounts data shows a range of three orders of magnitude a 1000 fold difference 2011 in the united states income has become distributed more unequally over the past 30 years with those in the top quintile 20 percent earning more than the bottom 80 percent combined ref name cbo http www cbo gov doc cfm index 12485 congressional budget office trends in the distribution of household income between 1979 and 2007 october 2011 ref 2019 the wealthiest 10 of american households control nearly 75 of household net worth ref name 0 cite web last stebbins first grant suneson and samuel title these 15 countries have the widest gaps between rich and poor url https www usatoday com story money 2019 05 28 countries with the widest gaps between rich and poor 39510157 access date 25 april 2021 website usa today language en us ref post tax gini coefficient 0 39 unemployment rate 4 4 gdp per capita 53 632 poverty rate 11 1 ref name npr_2020 09 15 cite news url https www npr org sections coronavirus live updates 2020 09 15 913131697 american incomes were rising until the pandemic hit title american incomes were rising until the pandemic hit last horsley first scott newspaper npr date 16 september 2020 access date 16 september 2020 quote were it not for those survey problems the census bureau estimates median household income would have risen just 3 8 and the poverty rate would have registered as 11 1 ref low unemployment rate and high gdp are signs of the health of the u s economy but there is almost 18 of people living below the poverty line and the gini coefficient is quite high that ranks the united states 9th income inequal in the world ref name 0 the u s has the highest level of income inequality in the western world ref name upi com united press international upi june 22 2018 https www upi com top_news us 2018 06 22 un report with 40m in poverty us most unequal developed nation 8671529664548 spt su u n report with 40m in poverty u s most unequal developed nation ref when measured for all households u s income inequality is comparable to other western countries before taxes and transfers but is among the highest after taxes and transfers meaning the u s shifts relatively less income from higher income households to lower income households in 2016 average market income was 15 600 for the lowest quantile quintile and 280 300 for the highest quintile the degree of inequality accelerated within the top quintile with the top 1 at 1 8 million approximately 30 times the 59 300 income of the middle quintile ref name cbo_2016 cite web url https www cbo gov publication 55413 title the distribution of household income 2016 date july 2019 website www cbo gov publisher congressional budget office access date october 11 2019 ref the economic and political impacts of inequality may include slower gdp growth reduced economic mobility income mobility higher poverty rates greater usage of household debt leading to increased risk of financial crises and political polarization ref name krueger2012 cite web url https obamawhitehouse archives gov blog 2012 01 12 chairman alan krueger discusses rise and consequences inequality center american pro title chairman alan krueger discusses the rise and consequences of inequality at the center for american progress last krueger first alan via nara national archives work whitehouse gov date january 12 2012 ref ref name sa2020 cite journal last1 stewart first1 alexander j last2 mccarty first2 nolan last3 bryson first3 joanna j date 2020 title polarization under rising inequality and economic decline journal science advances volume 6 issue 50 article number eabd4201 doi 10 1126 sciadv abd4201 pmid 33310855 pmc 7732181 arxiv 1807 11477 bibcode 2020scia 6 4201s s2cid 216144890 doi access free ref causes of inequality may include executive compensation increasing relative to the average worker financialization greater market concentration industry concentration lower union density unionization rates lower effective tax rates on higher incomes and technology changes that reward higher educational attainment ref name nytporter2013 cite web url https www nytimes com 2013 11 13 business rethinking the income gap and a college education html title rethinking the rise of inequality last porter first eduardo date november 12 2013 publisher nyt ref further reading s eisenbarth a chen z f the evolution of wage inequality within local u s labor markets j labour market res 56 2 2022 https doi org 10 1186 s12651 022 00307 6 return to income distribution retrieved from https en wikipedia org wiki income_distribution privacy policy about wikipedia disclaimers contact wikipedia legal safety contacts code of conduct developers statistics cookie statement mobile view search search view 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