Personal income in the United States

Wages annualized rate (before taxes)
  Nominal wages
Wages Month to Month rate (before taxes)
  Nominal wages
Private sector workers earnings compared to GDP
Private sector workers made approximately $2 trillion, or about 29.6% of all money earned in Q3 2023 (before taxes)
  Quarterly GDP not Annualized
  Private Sector Workers Total Earnings
Annual median wages W-2
  Nominal Wages
  Real Wages

Personal income is an individual's total earnings from wages, investment interest, and other sources. The Bureau of Labor Statistics reported a median weekly personal income of $1,139 for full-time workers in the United States in Q1 2024.[1] For the year 2022, the U.S. Census Bureau estimates that the median annual earnings for all workers (people aged 15 and over with earnings) was $47,960; and more specifically estimates that median annual earnings for those who worked full-time, year round, was $60,070.[2][3]

Income patterns are evident on the basis of age, sex, ethnicity and educational characteristics. In 2005 roughly half of all those with graduate degrees were among the nation's top 15% of income earners. Among different demographics (gender, marital status, ethnicity) for those over the age of 18, median personal income ranged from $3,317 for an unemployed, married Asian American female[4] to $55,935 for a full-time, year-round employed Asian American male.[5] According to the US Census, men tended to have higher income than women, while Asians and Whites earned more than African Americans and Hispanics.

  1. ^ "USUAL WEEKLY EARNINGS OF WAGE AND SALARY WORKERS 2024" (PDF). Bureau of Labor Statistics. U.S. Department of Labor. April 18, 2024.
  2. ^ "Income in the United States: 2022". Census.gov. US Census Bureau. Retrieved June 24, 2024.
  3. ^ "Table A-6. Earnings Summary Measures by Selected Characteristics: 2021 and 2022". Census.gov (Excel table). Retrieved June 24, 2024.
  4. ^ "US Census Bureau, females, 18 or older, unemployed, personal income, 2005". Archived from the original on February 5, 2012. Retrieved December 8, 2006.
  5. ^ "US Census Bureau, male, 18 or older, employed full-time year round, 2005". Archived from the original on February 5, 2012. Retrieved December 8, 2006.

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