what is the mean income in the united states
Household income in the United States Another common measurement of personal income is the mean household income. Unlike the median household income, which divides all households in two halves, the mean income is the average income earned by American households. In the case of mean income, the income of all households is divided by the number of all households.[22] The mean income is usually more affected by the relatively unequal distribution of income which tilts towards the top.[23] As a result, the mean tends to be higher than the median income, with the top earning households boosting it. Overall, the mean household income in the United States, according to the US Census Bureau 2014 Annual Social and Economic Supplement, was $72,641.[24]
United States Senate The United States Senate is the upper chamber of the United States Congress, which along with the United States House of Representatives—the lower chamber—comprises the legislature of the United States.
United States House of Representatives The United States House of Representatives is the lower chamber of the United States Congress. The Senate is the upper chamber. Together they compose the legislature of the United States.
Income inequality in the United States Most of the growth in income inequality has been between the middle class and top earners, with the disparity widening the further one goes up in the income distribution.[27] The bottom 50% earned 20% of the nation's pre-tax income in 1979; this fell steadily to 14% by 2007 and 13% by 2014. Income for the middle 40% group, a proxy for the middle class, fell from 45% in 1979 to 41% in both 2007 and 2014.[28]