Young adult households are earning more than most older Americans did at the same age
The median adjusted income in a household headed by a Millennial was $69,000 in 2017. The previous peak for households headed by people ages 22 to 37 was in 2000.
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The median adjusted income in a household headed by a Millennial was $69,000 in 2017. The previous peak for households headed by people ages 22 to 37 was in 2000.
Looking for a new religious congregation is common in the U.S. But how likely Americans are to look for a new church varies by their education and income levels.
Although most Americans back a higher minimum wage, wide disparities in local living costs make finding an appropriate rate difficult.
While the size of the U.S. middle class remained relatively stable between 2002 and 2016, financial gains for middle-income Americans were modest compared with those of higher-income households.
Despite some ups and downs over the past several decades, today’s real average wage in the U.S. has about the same purchasing power it did 40 years ago. And most of what wage gains there have been have flowed to the highest-paid tier of workers.
Income inequality nearly doubled among Asians in the U.S. from 1970 to 2016. Sizable income gaps persist across racial and ethnic groups, a new study finds.
The gap in the standard of living between Asians near the top and the bottom of the income ladder nearly doubled from 1970 to
2016. Amid rising inequality overall, Asians displaced blacks as the most economically divided major U.S. racial or ethnic group.
In the U.S., the racial and ethnic wealth gap has evolved differently for families at different income levels since the Great Recession.
Taxpayers with incomes of $200,000 or more paid well over half (58.8%) of federal income taxes, though they accounted for only 4.5% of all returns filed (6.8% of all taxable returns). By contrast, taxpayers with incomes below $30,000 filed nearly 44% of all returns but paid just 1.4% of all federal income tax.
Women’s contributions to U.S. household incomes have grown. Yet, men contribute more of the income in most couples, and this reality aligns with public sentiments.
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