Table 1
Average annual income growth and share of average income growth accounted for by various income groups
| Average annual income growth, by percent group | Share of average income growth accounted for by percent group | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Average | Top 1% | Top 5% | Top 10% | Bottom 90% | Average | Top 1% | Top 5% | Top 10% | Bottom 90% | ||
| CBO comprehensive incomes | CBO comprehensive incomes | ||||||||||
| 1979–2007 | 1.5% | 4.5% | 3.3% | 2.8% | 0.9% | 100.0% | 38.5% | 54.3% | 63.7% | 36.3% | |
| 2007–2009 | -6.5% | -20.3% | -14.9% | -12.1% | -2.8% | 100.0% | 65.4% | 80.1% | 85.3% | 14.7% | |
| 2009–2011 | 0.7% | 6.7% | 4.7% | 3.6% | -0.9% | 100.0% | 90.6% | 105.1% | 106.5% | -6.5% | |
| Piketty-Saez cash, market-based incomes | Piketty-Saez cash, market-based incomes | ||||||||||
| 1947–1979 | 2.1% | 1.5% | 1.8% | 2.1% | 2.1% | 100.0% | 7.8% | 21.1% | 34.1% | 65.9% | |
| 1979–2007 | 1.1% | 4.3% | 3.0% | 2.5% | 0.2% | 100.0% | 59.8% | 80.9% | 91.4% | 8.6% | |
| 2007–2009 | -9.1% | -20.2% | -14.7% | -12.1% | -6.3% | 100.0% | 49.0% | 60.2% | 65.1% | 34.9% | |
| 2009–2014 | 1.6% | 4.9% | 3.7% | 3.1% | 0.3% | 100.0% | 58.3% | 81.4% | 89.6% | 10.4% | |
| 1979–2014 | 0.6% | 2.8% | 2.0% | 1.7% | -0.2% | 100.0% | 70.5% | 102.6% | 118.1% | -18.1% | |
| 1935–1980 | 2.7% | 1.5% | 1.9% | 2.1% | 3.1% | 100.0% | 7.1% | 19.2% | 30.3% | 69.7% | |
| 1980–2014 | 0.7% | 2.9% | 2.2% | 1.8% | -0.1% | 100.0% | 63.3% | 92.5% | 106.9% | -6.9% | |
| 1997–2014 | 0.3% | 1.2% | 1.0% | 0.9% | -0.3% | 100.0% | 92.4% | 140.2% | 164.7% | -64.7% | |
Note: 2007–2009 saw income losses across the board. So, the numbers reported here show the share of average income losses accounted for by each group.
Source: Author's analysis of data from Piketty and Saez (2003, updated) and the Congressional Budget Office
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