Sunday, July 22, 2018

US Household Income


US Household Income 2016 to 2017
Published 7/9/18, by Cameron Daniels, DQYDJ Financial

10th %ile - $13,234 to $ 13,488
25th %ile - $27,300 to $29,010
50th %ile - $56,025 to $58,849
75th %ile - $102,348 to $105,580
90th %ile– $161,915 to $170,432
95th %ile - $214,125 to $225,196
99th %ile - $400,034 to $430,600


US Household Income 2017 to 2018

Median household income in the U.S. rose to an estimated $59,055 in January 2018, an increase of nearly 0.4% from our December 2017 estimate of $58,829.


Comments

The Median Income can be used to target the restoration of the middle class.  The increase from $58,829 to $59,055 is $226 another 0.4% increase.

It takes 1 to 2 years to move a manufacturing plant from overseas back to the US.  It takes 2 to 4 years to build oil and gas pipelines. Using 2017 as a starting point, we should see the US median household income rising by more than 0.4% in data from 2018 to 2019. 

We should also be prepared to expect some movement of production from the US to other countries as these companies follow the demand for their products and change their operations.

Norb Leahy, Dunwoody GA Tea Party Leader

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