My mind is sometimes boggled by the millions, billions and trillions we hear about in various news stories, so I thought it might be worth putting the figures in some perspective with our wealth and income distribution. I suspect I'll be adding data points to this one for a while!
Household Income
| |
Total Household Income, excluding capital gains, 2006 | ||
| Total |
$7,365,333 million, or
$7.365 trillion |
||
| income range | share of income |
||
| Bottom 90% |
0 to $100,626 |
55.70% |
|
| Next 9% |
$100,626 to $332,856 |
27.04% |
|
| Top 1% |
over $332,856 |
18.24% |
|
| Data Source: Piketty & Saez, 2006 spreadsheet, Tables A1 and A4 |
|||
| Total Household Income, including capital gains, 2006 | |||
| Total |
$8,056,298 million, or $8.056 trillion (Capital Gains = $690,965 million or $691 billion |
||
| Bottom 90% |
0 to $104,696 |
50.34% |
|
| Next 9% |
$104,696 to $382,593 |
26.79% |
|
| Top 1% |
over $382,593 |
22.90% |
|
| Data Source: Piketty & Saez, 2006 spreadsheet, Tables A0, A3 and A6 |
|||
Household Wealth
| Aggregate Net Worth, 2007 |
$64,597.9 billion |
|||
| share of Net Worth |
quantile |
dollars (billions) |
||
| 2.5% |
to bottom 50% |
$1,611.9 |
||
| 26.0% |
to next 40% |
16,795.1 |
|
|
| |
28.5% |
to bottom 90% |
18,407.0 |
|
| 11.1% |
to next 5% |
7,157.4 |
||
| 26.6% |
to next 4% |
17,169.3 |
||
| 37.7% | to second 9% |
24,326.7 |
||
| 33.8% |
to top 1% |
21,864.3 |
||
| Data Source: 2007 SCF | ||||
Gross Domestic Product: $14,264.6 billion, or $14.26 trillion http://www.bea.gov/national/ as of 4Q08
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