One-Third of US Families Earn over $150k
11 days ago
- #dual-income
- #income-trends
- #economic-narrative
- In 1967, only 5% of US families earned over $150,000 (inflation-adjusted).
- Dual-income households became the most common family structure by the 1980s, but this doesn't fully explain income growth since then.
- Male earnings have also shown progress since the 1980s, independent of dual-income trends.
- Current data challenges the narrative that economic conditions are steadily worsening.
- Household income now often includes two earners, unlike the past where it was typically one.
- Cutting income groups at $75k instead of $50k would roughly produce terciles of 34.8%, 31.4%, and 33.8%.