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Finding out about Money
Overview
The rich get richer, yes, but just how rich?
How much do you need to be upper class in the USA?
Group Share of all income in 1977 Share of all income in 1999 Average after-tax income 1977 (inflation adjusted) Average after-tax income 1999 Share of all income in 2000 Range of income for group, 2000

Lowest fifth of households

5.7% 4.2% 10,000 8,800 3.6% 0 - 18,000
2nd fifth of households 11.5% 9.7% 22,100 20,000 8.9% 18 - 33,000
3rd fifth of households 16.4% 14.7% 32,400 31,400 14.9% 33 - 52,000
4th fifth of households 22.8% 21.3% 42,600 45,100 23.0% 52 - 82,000
Highest fifth of households 44.2% 50.4% 74,000 102,300 49.6% 82,000 and up
Highest 5% of households 21.9% 145,000 and up
Highest 1% of households 7.3% 12.9% 234,700 515,600    

Sources: data from 1977 and 199 from Congressional Budget Office analyzed by Center on Budget and Policy Priorities, reported in New York Times, Sept. 5, 1999, p. 14. Data for 2000 from U.S. Census Bureau website.

Note the table counts households, not income per person. There are also disputes about counting of taxes and counting of non-cash income. Note that the 2000 data is not directly compatible with 1977 and 1999.


Posted 6/15/.02; © 2002 John P. Nordin