The American middle class is stable in size, but losing ground financially to upper-income families
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.
For most U.S. workers, real wages have barely budged in decades
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.
Gen X rebounds as the only generation to recover the wealth lost after the housing crash
Generation Xers were hit particularly hard in the recession. Yet Gen Xers are the only generation of households to recover the wealth they lost in the downturn.
Income Inequality in the U.S. Is Rising Most Rapidly Among Asians
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.
Key findings on the rise in income inequality within America’s racial and ethnic groups
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.
Incomes of whites, blacks, Hispanics and Asians in the U.S., 1970 and 2016
The charts below show the distributions of white, black, Hispanic and Asian adults in the U.S. by their incomes in 1970 and 2016.
The narrowing, but persistent, gender gap in pay
The gender gap in pay has narrowed since 1980, but it has remained relatively stable over the past 15 years or so. In 2017, women earned 82% of what men earned.
How wealth inequality has changed in the U.S. since the Great Recession, by race, ethnicity and income
In the U.S., the racial and ethnic wealth gap has evolved differently for families at different income levels since the Great Recession.
A closer look at who does (and doesn’t) pay U.S. income tax
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.
More Americans favor raising than lowering tax rates on corporations, high household incomes
As the congressional debate over Trump’s tax overhaul begins, more Americans say tax rates on corporations and higher-income households should be raised rather than lowered.