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Introduction
When we think of income, the first thing that comes to mind is the amount of money that we earn. But how much money do people in the United States actually make? What percentage of individuals make over 150k? In this post, we will take a closer look at the income distribution in the United States and analyze the percentage of individuals who make over 150k.
Income Distribution in the United States
In order to understand the percentage of individuals who make over 150k, it is important to first understand the income distribution in the United States. According to the U.S. Census Bureau, the median household income in the United States in 2019 was $68,703. This means that half of all households in the United States earn less than this amount and half earn more.
Income inequality is also an important factor to consider when looking at the income distribution in the United States. According to the U.S. Census Bureau, the wealthiest 5% of households in the United States earn more than $208,000 per year. This means that the wealthiest 5% of households in the United States earn more than three times the median income.
Percentage of Individuals Making Over 150k
Now that we understand the income distribution in the United States, we can look at the percentage of individuals who make over 150k. According to the U.S. Census Bureau, the top 5% of households in the United States earned more than $208,000 in 2019. This means that the top 5% of households in the United States earn more than 150k per year.
In addition, the U.S. Census Bureau also reports that the top 10% of households in the United States earned more than $155,000 in 2019. This means that the top 10% of households in the United States earn more than 150k per year.
Income Mobility
Income mobility is an important factor to consider when looking at the percentage of individuals who make over 150k. Income mobility refers to the ability of individuals to move up or down the income ladder. According to the U.S. Census Bureau, the top 1% of households in the United States earned more than $400,000 in 2019. This means that the top 1% of households in the United States earn more than two and a half times the median income.
At the same time, the U.S. Census Bureau also reports that the bottom 10% of households in the United States earned less than $25,000 in 2019. This means that the bottom 10% of households in the United States earn less than one-third of the median income.
Conclusion
In conclusion, the percentage of individuals who make over 150k in the United States is relatively small. According to the U.S. Census Bureau, the top 5% of households in the United States earned more than $208,000 in 2019 and the top 10% of households in the United States earned more than $155,000 in 2019. At the same time, income mobility is an important factor to consider when looking at the percentage of individuals who make over 150k. The top 1% of households in the United States earned more than $400,000 in 2019 and the bottom 10% of households in the United States earned less than $25,000 in 2019.
