Time title How much does the average American make?
article The median income of American households is $61,842, according to the Federal Reserve’s latest income data.
That’s the highest of any major country surveyed, with the exception of the United Kingdom and Japan, which both had per capita incomes in the low $40,000s.
China, however, has the highest average income, with an average household income of $73,958, and India, which has a population of more than 8 billion people, is near the bottom.
This means that per capita Americans have seen their incomes rise by nearly 50% over the past two decades, according a report released by the Pew Research Center earlier this month.
What’s more, while some of the growth has been due to increases in income, the majority of that increase has been among the poorest and least educated Americans, according the report.
According to the report, the median income for those earning the median household income in 2016 was $52,868, up from $51,837 in 2014.
However, the gap between those with and without jobs has narrowed, with people in low- and middle-income households making up half of the population in 2016, up slightly from a quarter in 2014, while those in higher-income groups made up a larger share.
And while the poverty rate has been declining over the last decade, it’s still much higher than it was a generation ago.
The median household household income for Americans in 2016 fell to $42,912, according in the report compared to $41,979 in 2014 and $41.857 in 2000.
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While the poverty rates for families with children were falling over the decade, they were still higher than they were in 2000, the report said.
In the meantime, the share of Americans who live in poverty has risen, with about one in six Americans now in that group, according.
The poverty rate for Americans ages 16-64 in 2016 stood at 17.3%, compared to 15.3% in 2000 and 13.3 percent in 2000-2014.
The rate for the 25-to-54 age group stood at 7.8%, up from 6.9% in the 2000-2000 era and 7.6% in 2014-2014, the Pew report said, though it noted that the poverty level was lower for older Americans.
The report found that the percentage of people living in poverty increased over the years, but there was no trend.
A lot of the increases were due to the “Great Recession,” which lasted from 2007 to 2009, when the economy boomed and the incomes of the bottom 60% of Americans surged, according Pew.
However, that recovery has not kept pace with inflation and other economic indicators, which have been falling in recent years.
Since the recession, the income of the top 1% of households has increased by a whopping $3.2 trillion, according data from the Congressional Budget Office.
In the first nine months of 2017, the top 10% of earners earned nearly as much as the bottom 20%, while the bottom 40% of workers received less than half as much.
As the economy recovers from the Great Recession, it will be interesting to see if the gains in income and the percentage who are living in a household with at least one adult at work are sustainable, said John Pomeranz, chief economist at Pomerantz & Co. in New York.
“I think we are going to see the income distribution in a lot of places shift a bit, but that is not going to mean that all of these families are going back to the old ways,” he said.
“It may just be that some families are better off now than they used to be.
And then the rest of us are going in the opposite direction.”