{"id":1510136,"date":"2024-12-27T04:00:00","date_gmt":"2024-12-27T09:00:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1510136"},"modified":"2024-12-27T04:00:00","modified_gmt":"2024-12-27T09:00:00","slug":"visualizing-how-us-household-incomes-have-changed-over-the-past-50-years","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/visualizing-how-us-household-incomes-have-changed-over-the-past-50-years\/1510136\/","title":{"rendered":"Visualizing How US Household Incomes Have Changed Over The Past 50 Years"},"content":{"rendered":"

Visualizing How US Household Incomes Have Changed Over The Past 50 Years<\/span><\/p>\n

\n

This chart, via Visual Capitalist’s Pallavi Rao,<\/a> tracks the share of U.S. households by annual income bracket from 1967 to 2023.<\/p>\n

<\/a><\/p>\n

All annual income is in\u00a02023 dollars<\/strong>, adjusted for inflation, but not for cost of living differences.<\/em><\/p>\n

Data is sourced from the\u00a0Census Bureau<\/a>, published 2024.<\/em><\/p>\n

Americans Are Making More Money Than Ever Before<\/h2>\n

Incomes for American households have grown quite a bit in the last six decades.<\/p>\n

In 1967, nearly one-third of households made less than\u00a0$35,000 a year\u00a0(adjusted to 2023 dollars), and in 2023, that\u2019s fallen to one-fifth.<\/strong><\/p>\n

Here\u2019s the share of households per income bracket for every year since 1967. Categories have been combined from the original source and all figures are rounded. As a result percentages may not sum exactly to 100.<\/p>\n

Year
\n\t\t\tUnder $35K
\n\t\t\t$35K\u2013100K
\n\t\t\t$100K-200K
\n\t\t\tOver $200K
\n\t\t1967
\n\t\t\t31.3
\n\t\t\t54.4
\n\t\t\t12.7
\n\t\t\t1.7
\n\t\t1968
\n\t\t\t29.7
\n\t\t\t54.4
\n\t\t\t14.3
\n\t\t\t1.6
\n\t\t1969
\n\t\t\t29.1
\n\t\t\t52.8
\n\t\t\t16.2
\n\t\t\t1.9
\n\t\t1970
\n\t\t\t29.6
\n\t\t\t52.3
\n\t\t\t16.2
\n\t\t\t2
\n\t\t1971
\n\t\t\t30.2
\n\t\t\t51.8
\n\t\t\t16.1
\n\t\t\t1.9
\n\t\t1972
\n\t\t\t29.1
\n\t\t\t50.4
\n\t\t\t18.0
\n\t\t\t2.5
\n\t\t1973
\n\t\t\t28.6
\n\t\t\t49.4
\n\t\t\t19.3
\n\t\t\t2.7
\n\t\t1974
\n\t\t\t28.9
\n\t\t\t50.4
\n\t\t\t18.3
\n\t\t\t2.4
\n\t\t1975
\n\t\t\t30.4
\n\t\t\t50.1
\n\t\t\t17.2
\n\t\t\t2.2
\n\t\t1976
\n\t\t\t29.7
\n\t\t\t49.7
\n\t\t\t18.3
\n\t\t\t2.4
\n\t\t1977
\n\t\t\t29.8
\n\t\t\t48.7
\n\t\t\t18.9
\n\t\t\t2.6
\n\t\t1978
\n\t\t\t28.8
\n\t\t\t48.3
\n\t\t\t20.0
\n\t\t\t3.0
\n\t\t1978
\n\t\t\t28.8
\n\t\t\t48.3
\n\t\t\t20.0
\n\t\t\t3.0
\n\t\t1979
\n\t\t\t28.4
\n\t\t\t48.4
\n\t\t\t20.1
\n\t\t\t3.1
\n\t\t1980
\n\t\t\t29.8
\n\t\t\t48.0
\n\t\t\t19.4
\n\t\t\t2.7
\n\t\t1980
\n\t\t\t29.8
\n\t\t\t48.0
\n\t\t\t19.4
\n\t\t\t2.7
\n\t\t1980
\n\t\t\t29.8
\n\t\t\t48.0
\n\t\t\t19.4
\n\t\t\t2.6
\n\t\t1981
\n\t\t\t30.4
\n\t\t\t47.9
\n\t\t\t19.1
\n\t\t\t2.6
\n\t\t1982
\n\t\t\t30.6
\n\t\t\t47.6
\n\t\t\t18.7
\n\t\t\t3.1
\n\t\t1983
\n\t\t\t30.4
\n\t\t\t47.3
\n\t\t\t19.2
\n\t\t\t3.2
\n\t\t1984
\n\t\t\t29.5
\n\t\t\t46.6
\n\t\t\t20.4
\n\t\t\t3.6
\n\t\t1985
\n\t\t\t29.0
\n\t\t\t46.4
\n\t\t\t20.8
\n\t\t\t3.8
\n\t\t1985
\n\t\t\t29.0
\n\t\t\t46.4
\n\t\t\t20.8
\n\t\t\t3.8
\n\t\t1986
\n\t\t\t28.0
\n\t\t\t45.5
\n\t\t\t22.0
\n\t\t\t4.5
\n\t\t1987
\n\t\t\t27.8
\n\t\t\t45.1
\n\t\t\t22.5
\n\t\t\t4.7
\n\t\t1988
\n\t\t\t27.2
\n\t\t\t45.2
\n\t\t\t22.6
\n\t\t\t5.0
\n\t\t1989
\n\t\t\t26.9
\n\t\t\t44.7
\n\t\t\t23.1
\n\t\t\t5.4
\n\t\t1989
\n\t\t\t26.9
\n\t\t\t44.7
\n\t\t\t23.1
\n\t\t\t5.4
\n\t\t1990
\n\t\t\t27.1
\n\t\t\t45.5
\n\t\t\t22.4
\n\t\t\t5.1
\n\t\t1991
\n\t\t\t28.0
\n\t\t\t45.1
\n\t\t\t22.0
\n\t\t\t4.9
\n\t\t1992
\n\t\t\t28.8
\n\t\t\t44.2
\n\t\t\t22.1
\n\t\t\t4.9
\n\t\t1993
\n\t\t\t28.7
\n\t\t\t44.1
\n\t\t\t21.8
\n\t\t\t5.4
\n\t\t1994
\n\t\t\t28.6
\n\t\t\t43.7
\n\t\t\t22.0
\n\t\t\t5.8
\n\t\t1995
\n\t\t\t27.4
\n\t\t\t44.0
\n\t\t\t22.8
\n\t\t\t5.8
\n\t\t1996
\n\t\t\t27.2
\n\t\t\t43.2
\n\t\t\t23.4
\n\t\t\t6.3
\n\t\t1997
\n\t\t\t26.3
\n\t\t\t43
\n\t\t\t23.8
\n\t\t\t6.9
\n\t\t1998
\n\t\t\t25.1
\n\t\t\t42.6
\n\t\t\t24.7
\n\t\t\t7.7
\n\t\t1999
\n\t\t\t24.6
\n\t\t\t41.6
\n\t\t\t25.5
\n\t\t\t8.3
\n\t\t2000
\n\t\t\t24.2
\n\t\t\t41.8
\n\t\t\t25.5
\n\t\t\t8.6
\n\t\t2001
\n\t\t\t24.9
\n\t\t\t41.9
\n\t\t\t24.9
\n\t\t\t8.4
\n\t\t2002
\n\t\t\t25.2
\n\t\t\t37.1
\n\t\t\t25.1
\n\t\t\t8.1
\n\t\t2003
\n\t\t\t25.7
\n\t\t\t41.0
\n\t\t\t24.8
\n\t\t\t8.4
\n\t\t2004
\n\t\t\t25.6
\n\t\t\t41.4
\n\t\t\t24.6
\n\t\t\t8.4
\n\t\t2005
\n\t\t\t25.2
\n\t\t\t41.5
\n\t\t\t24.6
\n\t\t\t8.8
\n\t\t2006
\n\t\t\t24.6
\n\t\t\t41.3
\n\t\t\t24.9
\n\t\t\t9.2
\n\t\t2007
\n\t\t\t24.6
\n\t\t\t40.9
\n\t\t\t25.3
\n\t\t\t9.1
\n\t\t2008
\n\t\t\t25.9
\n\t\t\t40.7
\n\t\t\t24.6
\n\t\t\t8.8
\n\t\t2009
\n\t\t\t26.1
\n\t\t\t41.4
\n\t\t\t24.0
\n\t\t\t8.8
\n\t\t2010
\n\t\t\t27.1
\n\t\t\t40.6
\n\t\t\t23.7
\n\t\t\t8.6
\n\t\t2011
\n\t\t\t27.3
\n\t\t\t41.4
\n\t\t\t23.0
\n\t\t\t8.4
\n\t\t2012
\n\t\t\t27.4
\n\t\t\t40.8
\n\t\t\t23.4
\n\t\t\t8.4
\n\t\t2013
\n\t\t\t26.8
\n\t\t\t39.6
\n\t\t\t23.6
\n\t\t\t9.8
\n\t\t2014
\n\t\t\t26.8
\n\t\t\t39.8
\n\t\t\t23.7
\n\t\t\t9.8
\n\t\t2015
\n\t\t\t25.3
\n\t\t\t39.0
\n\t\t\t25.2
\n\t\t\t10.5
\n\t\t2016
\n\t\t\t24.2
\n\t\t\t39.5
\n\t\t\t24.9
\n\t\t\t11.5
\n\t\t2017
\n\t\t\t23.8
\n\t\t\t38.7
\n\t\t\t25.4
\n\t\t\t12.1
\n\t\t2018
\n\t\t\t23.0
\n\t\t\t39.2
\n\t\t\t25.6
\n\t\t\t12.3
\n\t\t2019
\n\t\t\t21.0
\n\t\t\t38.0
\n\t\t\t26.5
\n\t\t\t14.6
\n\t\t2020
\n\t\t\t21.8
\n\t\t\t38.1
\n\t\t\t25.8
\n\t\t\t14.2
\n\t\t2021
\n\t\t\t22.7
\n\t\t\t37.1
\n\t\t\t25.7
\n\t\t\t14.4
\n\t\t2022
\n\t\t\t22.7
\n\t\t\t38.5
\n\t\t\t26.0
\n\t\t\t12.9
\n\t\t2023
\n\t\t\t21.0
\n\t\t\t38.1
\n\t\t\t26.5
\n\t\t\t14.4<\/p>\n

Meanwhile, the other end of the spectrum is seeing growth in the bracket size. In 1967, fewer than 2% of American households made more than\u00a0$200,000 per year<\/strong>. In 2023, that number had risen to 15%.<\/p>\n

Of course, there\u2019s an increase in labor to also be accounted for. Six decades ago, only one-third of all U.S. households had\u00a0all parents working<\/a>. By 2009, the situation had reversed.<\/p>\n

What This Chart Doesn\u2019t Tell Us<\/h2>\n

Lastly, looking at incomes is only one half of the story. It doesn\u2019t account for how prices of goods and services have changed\u00a0relative\u00a0to growing incomes.<\/strong><\/em><\/p>\n

Houses for example cost about 3x the median income in 1967, and in 2022 cost\u00a0nearly 6x<\/a>\u00a0the median income.<\/p>\n

However, the vast majority of consumer goods are much cheaper now, relative to incomes, due to how manufacturing has moved out to other parts of the world.<\/p>\n

Food is also\u00a0much cheaper<\/a>, dropping from 15% of household income in 1967, to around 7% in 2022 – the year when record food inflation had pushed prices up.<\/p>\n

Naturally, incomes vary quite a lot across the country. Check out\u00a0Mapped: Median Income by State in 2024<\/a>\u00a0to see by how much.<\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nThu, 12\/26\/2024 – 23:00<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/personal-finance\/visualizing-how-us-household-incomes-have-changed-over-past-50-years<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Visualizing How US Household Incomes Have Changed Over The Past 50 Years This chart, via Visual Capitalist’s Pallavi Rao, tracks the share of U.S. households…<\/p>\n","protected":false},"author":0,"featured_media":1510137,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1510136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1510136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1510136"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1510136\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1510137"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1510136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1510136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1510136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}