Published by Oct 10, 2023
In 2022, about 14.88 million households in the United States had an income of 200,000 U.S. dollars or more a year. Another 20.77 million households however, had an income of less than 25,000 U.S. dollars in the same year,
The total number of households in the U.S. since 1960 can be found here.
Number of households in the United States by household income in 2022 (in millions)
| Household income in U.S. dollars | Number of households in millions |
|---|---|
| Less than $25,000 | 20.77 |
| $25,000 to $29,999 | 4.51 |
| $30,000 to $34,999 | 4.92 |
| $35,000 to $39,999 | 4.6 |
| $40,000 to $44,999 | 4.88 |
| $45,000 to $49,999 | 4.36 |
| $50,000 to $59,999 | 8.93 |
| $60,000 to $74,999 | 12.16 |
| $75,000 to $99,999 | 16.65 |
| $100,000 to $124,999 | 12.85 |
| $125,000 to $149,999 | 9.09 |
| $150,000 to $199,999 | 11.27 |
| $200,000 or more | 14.88 |
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The statistics you've referenced highlight the distribution of household incomes in the United States in 2022. As someone deeply engrossed in demographics and societal trends, these figures reflect a complex tapestry of economic disparities and social stratification within the country.
Let's delve into the concepts and terms in this article:
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Household Income: This refers to the total income earned by all individuals over the age of 15 living within a single household. It encompasses earnings from various sources like wages, salaries, investments, and government aid.
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Income Categories: The data breaks down households into income brackets:
- Less than $25,000: Represents the highest number of households in the lowest income bracket.
- $200,000 or more: Signifies households with a significantly higher income, comprising a smaller but relatively affluent segment.
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Income Distribution: The distribution of households across income brackets provides insight into wealth distribution within the nation. It illustrates disparities and economic divisions among different segments of society.
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Trend Analysis: Tracking household income data from 1960 until now offers a longitudinal perspective on how income distribution has evolved over time, reflecting economic shifts, policy changes, and societal trends.
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Statistical Representation: The data is presented both in tabular and graphical formats, allowing for a visual understanding of income distribution across various brackets.
This information is crucial for understanding societal structures, income inequality, and the economic well-being of different segments of the population. It serves as a foundation for policymakers, economists, and social scientists to assess trends, devise policies, and address disparities in wealth distribution within a country.
