Chart of the day

Posted: 12 July 2016 in Uncategorized
Tags: , , , ,

average

This is my own chart—showing the dramatic changes in the average incomes of the bottom 90 percent, the top 10 percent, and the top 1 percent—from the World Wealth and Income Database.

Incomes are in thousands of real 2015 dollars. Thus, for example, the average income of the bottom 90 percent fell between 1979 and 2015 (from $34.6 thousand to $33.2 thousand), while the average income of the top 10 percent rose (from $149.1 thousand to $273.8 thousand) and that of the top 1 percent soared (from $370.2 thousand to over $1 million).

Other charts in this series can be found here, here, and here.

Emmanuel Saez, Thomas Piketty, and the rest of the team need to be credited for making their data available. Readers should feel free to use this chart and reproduce it as they wish. . .

Comments
    • lpsdlwyer says:

      I have a couple of questions: Does the “top 10%” include the top 1%? And if so, how does that affect or even skew the rise in earnings of the top 10%?

  1. David F. Ruccio says:

    Yes, the top 10% in this chart includes the top 1% (which is how they present the data). So, as you can see by the sharp rise in the average income of the top 1%, it does pull up the average of the top 10%. I’ll see what else I can find and, perhaps, produce another chart.

  2. David F. Ruccio says:

    Here’s what the breakdown looks like for the top 1%, the 5-%, and the 10-5%:

  3. […] they were falling). That’s fine. All of the data of which I am aware (such as real wages and average 90-percent incomes) confirm much the same trends. The problem is, it was in the mid-1990s that workers’ […]

  4. […] they were falling). That’s fine. All of the data of which I am aware (such as real wages and average 90-percent incomes) confirm much the same trends. The problem is, it was in the mid-1990s that workers’ incomes […]

  5. […] result, as I showed earlier this month, is […]

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