Reported about 1 year ago
Recent data clarifies income distribution in the United States, showing that upper-income households saw a 78% increase in median income from 1970 to 2022, while lower-income households only experienced a 55% rise. In 2022, the median income of upper-income households was 7.3 times higher than lower-income households, pointing to a widening income gap. Demographics and gender differences also play a role in income distribution, with distinctions between middle class, upper middle class, and upper class incomes highlighted to provide insight into personal financial health and prospects.
Source: YAHOO