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Income in the United States

Overview of the income in the United States of America From Wikipedia, the free encyclopedia

Income in the United States
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Income in the United States is measured by the various federal agencies including the Internal Revenue Service, Bureau of Labor Statistics, US Department of Commerce, and the US Census Bureau. Additionally, various agencies, including the Congressional Budget Office compile reports on income statistics. The primary classifications are by household or individual. The top quintile in personal income in 2022 was $117,162[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]

More information All workers, Full-time workers ...
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Overall median household income by state in 2018[1]

Median personal income in 2020 was $56,287 for full-time workers.[4]

This difference becomes very apparent when comparing the percentage of households with six figure incomes to that of individuals. Overall, including all households/individuals regardless of employment status, the median household income was $67,521 in 2020 while the median personal income (including individuals aged 15 and over) was $35,805.[5][6]

While wages for women have increased greatly, median earnings of male wage earners have remained stagnant since the late 1970s.[7][8] Household income, however, has risen due to the increasing number of households with more than one income earner and women's increased presence in the labor force.[9]

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Income minimum by percentile

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Note: The minimums in the table are minimums neither for household nor for individual incomes, but rather for the Adjusted Gross Incomes from individual tax returns, excluding returns from dependents (persons who can be claimed as dependents on another person's or couple's tax return). Since these returns include those that are for married couples filing jointly, some of them will have incomes that are greater than the individual incomes. And since the returns include those that are for persons who are married but filing separately, and since the incomes on the returns do not include the incomes of dependents, some of them will have incomes that are lower than the incomes of the households of whom the filer is a member. Therefore the minimums in the table are in between what the minimums would be for individual incomes and what they would be for household incomes.

Source: Internal Revenue Service[2]

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Demographic summary

More information Type of household, Race and Hispanic origin ...
More information Age of Householder, Nativity of Householder ...
More information Total workers, Full-Time, year-round workers ...
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More information 10th percentile, 20th percentile ...
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References

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