This month, the Census Bureau released its annual report on household income data for In other words, the incomes in earlier years have been adjusted upward to the purchasing power of the most recent year in the series. What we see are the nominal growth patterns over the complete data series.
In addition to the five quintiles, the Census Bureau publishes the income for the top five percent of households. All segments showed an increase in year-over-year in average household income - again in current dollars. To give us a better idea of the underlying trends in household incomes, we've also prepared a chart of the real percentage growth since The growth spread began in the mids during the Reagan administration, the era of Supply Side Economics aka "Reaganomics" and Trickle-Down Economics.
As this chart illustrates, tax and other policy changes to benefit the wealthier households didn't have the heavily promoted trickle-down effect. We've also highlighted recessions to show the correlation of household incomes to the business cycle.
A score of zero would reflect perfect income equality and a score of one indicates a society where one person would have all the money and all other people have nothing. Loading statistic Show source. Download for free You need to log in to download this statistic Register for free Already a member? Log in. Show detailed source information? Register for free Already a member?
More information. Supplementary notes. Other statistics on the topic. Economy Household income distribution in the United States in Economy Poverty rate in the United States Economy Median household income in the United States , by race or ethnic group. Profit from additional features with an Employee Account. Please create an employee account to be able to mark statistics as favorites.
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