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The minimum income needed to be in the top 1.
Income of top 1 in us. 475 116 00 was the threshold last year. Households might have multiple people working it is often more appropriate to break down the 1 for individual workers. Who are the top one percent by income. The top 5 of households three quarters of whom had two income earners had incomes of 166 200 about 10 times the 2009 us minimum wage for one income earner and about 5 times the 2009 us minimum wage for two income earners or higher with the top 10 having incomes well in excess of 100 000.
Keep in mind that these numbers just represent the threshold the average income of the top 1 percent nationwide is 1 32 million. In america today the gap between the top 1 income and the bottom 90 income is widening daily. And that number just represents the threshold. Find out how close you are to the top 1 with our income ranking calculator.
531 020 is the cutoff for a top 1 household income in the united states in 2020 for a single earner the cutoff is 361 020. Annual wages of top earners. Selected united states household income percentiles for 2020 and 2019. The top 1 earns on average more than forty times than the lower income earners.
The latest data from the epi show that in 2018 annual wages for the top 1 reached 737 697 up just 0 2 compared to 2017. The top 1 percent earned one fifth of the country s household income last year breaking the previous record set in 1928 the year before the historic stock market crash according to an. What is the top 1 household income. The top 1 household income is not the final word so pick your favorite.
To be top 1 in 2020 a household needed to earn 531 020 00. Essentially one person out of 100 earns 40 times more than 90 others in the group. According to a 2013 economic policy institute report to be in the top 0 01 percent nationally a family needs an annual income of 8 3 million.
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