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At a global level the average income for an adult is $23,380 (when adjusted for Purchasing Power Parity or PPP). However, the report's authors explain that this conceals wide disparities between and within countries. The richest 10% of the global population currently take home 52% of the income.
One widely used measure – the 90/10 ratio – takes the ratio of the income needed to rank among the top 10% of earners in the U.S. (the 90th percentile) to the income at the threshold of the bottom 10% of earners (the 10th percentile).
This report presents data on income, earnings, & income inequality in the United States based on information collected in the 2022 and earlier CPS ASEC.
Real median U.S. household income was $70,784 in 2021, statistically unchanged from the previous year, although income inequality increased for the first time since 2011, according to today’s U.S. Census Bureau release of the Income in the United States: 2021 report.
Income inequality refers to the extent to which income is distributed in an uneven manner among a population. Over the past four decades, the richest 1 percent of Americans have enjoyed by far the fastest income growth. The most rapid increase has occurred at the tippy top of the economic ladder.
OWID Data Collection: Inequality and Poverty. Explore a wide range of indicators on inequality and poverty and compare sources. While the steep rise of inequality in the United States is well-known, long-run data on the incomes of the richest shows countries have followed a variety of trajectories. Joe Hasell.
The poverty gap is a ratio showing the average income shortfall of a total population from the poverty line. The poverty line is the minimum level of income required to secure the basic...