[OC] Income inequality in the United States

Posted by _crazyboyhere_

12 Comments

  1. Inflation-adjusted incomes are up across the board. People at every point of the income distribution can afford more real goods and services than ever before. Poverty after taxes and transfers is down.

    Yet people are absolutely enraged because of higher gains made by somebody else. This obsession with income inequality is basically a manifestation of jealousy.

  2. It would have been nice if this included the 40th, 60th, and 80th percentiles as well. Without them, it’s hard to discern at what point after the median the United States is really serving. Income growth being great for the top 40% is very different than if it’s only great for the top 10%.

  3. cobrachickenwing on

    Just shows how the winners of the bailouts are the ultra wealthy. Their incomes went up double digits while the rest did not even beat inflation.

  4. So in 1990 95th percentile was 7.58x higher than 20th, and 3.13x higher than median. Now it’s 9.72x and 4.00x. So 95% percentile has grown 28.3% faster than 20th percentile in that time, and 26.6% faster than median.

  5. This comparison would be much more accurate if you compare income after taxes and include government welfare programs.

  6. Will be interesting to see how these numbers change after Trump’s immigration crackdown.  A lot of the people in the bottom quintile are recent immigrants who are doing much better than they were in their home country, but are at the bottom here. In the past, they have tended to displace native-born Americans who move up to higher quintiles.  Without them, those native-born people will be in the lowest quintile, but the average wage of that quintile should increase.

  7. Census data is gross household income.
    Add in the diminished effects of taxes on the gross (to yield net take home) and you’ll see it’s much flatter.

  8. first_time_internet on

    So i am in the mid 100s and still just above 50%? Dang. I feel like I am in the 80% at least, but maybe it is because I am not laden with debt