Americans boast a median annual income of roughly $81,000, personal finance website WalletHub recently reported, citing the freshest data from the Federal Reserve Bank of St. Louis.
But, no surprise here, some individuals earn much more than that, and others earn a lot less.
“The highest-earning 10% of individuals in the United States earn over 12 times more than those in the lowest-earning 10%, based on the latest Census data,” WalletHub analyst Chip Lupo said in a statement. “By measuring the income of various percentiles against a state's median income, we can better identify where income disparities are more prevalent, which could help us better understand why residents of certain states struggle more to make ends meet.”
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Michael S. Fischer
Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.
