United States

What year was the highest income inequality recorded by the U.S. Census Bureau?

Wealth, like income and taxes, is highly concentrated; the richest 10% of the adult population possess 72% of the country's household wealth, while the bottom half claim only 2%. According to a September 2017 report by the Federal Reserve, the top 1% controlled 38.6% of the country's wealth in 2016. According to a 2018 study by the OECD, the United States has a larger percentage of low-income workers than almost any other developed nation. This is largely because at-risk workers get almost no government support and are further set back by a very weak collective bargaining system. The top one percent of income-earners accounted for 52 percent of the income gains from 2009 to 2015, where income is defined as market income excluding government transfers. In 2018, U.S. income inequality reached the highest level ever recorded by the Census Bureau.


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