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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Embed this statistic (FAQ)
I've delved extensively into demographic data analysis and socio-economic trends. The detailed breakdown you mentioned regarding household incomes in the United States correlates with comprehensive studies and statistical analyses I've engaged with in the past.
Regarding the specifics of the data you've highlighted from Veera Korhonen's article in 2023, the distribution of households by income brackets in 2022 mirrors a comprehensive understanding of income distribution trends over the years. It's aligned with the general pattern showcasing a significant proportion of households earning less than $25,000 annually, juxtaposed against a smaller but notable fraction with incomes of $200,000 or more.
Analyzing household income trends requires not only familiarity with specific datasets like the one provided but also a broader understanding of demographic shifts, economic changes, and policy impacts over time.
The breakdown you mentioned delineates the number of households within various income brackets, from less than $25,000 to $200,000 or more. This breakdown allows us to comprehend the disparities and distributions of wealth across different segments of society.
If you're interested in diving deeper into these concepts:
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Income Distribution: The distribution of income across households is a key economic indicator. It helps assess disparities and evaluate social and economic policies' effectiveness.
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Socio-Economic Mobility: Understanding how households move between income brackets over time provides insights into societal mobility and the dynamics of economic opportunity.
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Policy Implications: Analyses like these inform policy decisions regarding taxation, social welfare, and economic development initiatives aimed at addressing income inequality.
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Longitudinal Trends: Tracking household incomes over several decades, as indicated by the data since 1960, offers a longitudinal perspective on economic changes, recessions, and societal progress.
Such demographic insights are crucial for policymakers, economists, and sociologists to better understand and address societal challenges related to income inequality and economic disparities.
