Wednesday, January 18, 2012

What percent are you?

According to Free Money Free Finance,  "Money Magazine's December issue listed shares of income in the US by quintile. Here's how they broke up:
  • Bottom Earners: Income up to $16,358; 4% of all U.S. income

  • Second Quintile: Income $16,359 to $32,188; 8% of all U.S. income

  • Third Quintile: Income $32,189 to $57,212; 13% of all U.S. income

  • Fourth Quintile: Income $57,213 to $97,298; 20% of all U.S. income

  • Top Earners: Income above $97,298; 55% of all U.S. income
And here are the income figures for the top 10% in increments of 1%:
  • 90th percentile: $154,131
  • 91st percentile: $160,864
  • 92nd percentile: $168,227
  • 93rd percentile: $177,123
  • 94th percentile: $187,412
  • 95th percentile: $200,026
  • 96th percentile: $235,687
  • 97th percentile: $290,860
  • 98th percentile: $360,435
  • 99th percentile: $506,553
  • 99.5th percentile: $815,868
  • 99.9th percentile: $2,070,574"
To figure out where your income fits, go to Wall Street Journal's What Percent Are You? calculator.  I doubt that I'll ever hit that 99th percentile, but I'm pleasantly surprised by my income in comparison to my fellow citizens.  Why do I still feel poor, though?

2 comments:

  1. Is this individual income or household?

    ReplyDelete
  2. Not a clue; I'm assuming it's household income.

    ReplyDelete

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