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?
Is this individual income or household?
ReplyDeleteNot a clue; I'm assuming it's household income.
ReplyDelete