|> Seek Truth > Topics >|
|Finding out about Money|
|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.