About one-third of U.S. disposable personal income is held by the top 10% of households, according to new statistics that measure how the nation’s personal income is distributed from the Bureau of Economic Analysis.
The statistics show that households in the top 10% of incomes accounted for 33.1% of the nation’s disposable personal income (personal income less taxes) in 2019. Households in the lowest 30% received 10.2% of after-tax income.
The report’s findings are yet another addition to a debate about worsening inequality. In particular, that data show the concentration of passive income among the highest earners.
The top ...
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