Change in annual wages, by wage group, 1979–2014
Percent change | Percent change | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Average annual wages (2014 dollars) | Long-term | Great Recession | |||||||||
Wage group | 1979 | 2007 | 2009 | 2013 | 2014 | 1979–2007 | 1979–2014 | 2007–09 | 2009–14 | 2013–14 | 2007–14 |
Bottom 90% | $28,524 | $33,277 | $33,077 | $32,851 | $33,297 | 16.7% | 16.7% | -0.6% | 0.7% | 1.4% | 0.1% |
Top 90th to 99th | $93,295 | $135,584 | $135,242 | $139,014 | $141,293 | 45.3% | 51.4% | -0.3% | 4.5% | 1.6% | 4.2% |
90%-95% | $79,113 | $106,063 | $107,065 | $108,543 | $109,923 | 34.1% | 38.9% | 0.9% | 2.7% | 1.3% | 3.6% |
95%-99% | $111,023 | $172,484 | $170,464 | $177,103 | $180,505 | 55.4% | 62.6% | -1.2% | 5.9% | 1.9% | 4.7% |
Upper 5% | $142,639 | $275,862 | $252,719 | $269,585 | $278,616 | 93.4% | 95.3% | -8.4% | 10.2% | 3.3% | 1.0% |
Upper 1% | $269,102 | $689,373 | $581,738 | $639,514 | $671,061 | 156.2% | 149.4% | -15.6% | 15.4% | 4.9% | -2.7% |
99.0%–99.9% | $232,421 | $458,049 | $418,939 | $451,166 | $463,072 | 97.1% | 99.2% | -8.5% | 10.5% | 2.6% | 1.1% |
99.9% -100% | $599,230 | $2,771,290 | $2,046,933 | $2,334,653 | $2,542,965 | 362.5% | 324.4% | -26.1% | 24.2% | 8.9% | -8.2% |
Average | $36,763 | $49,045 | $47,759 | $48,473 | $49,395 | 33.4% | 34.4% | -2.6% | 3.4% | 1.9% | 0.7% |
Source: EPI analysis of Kopczuk, Saez and Song (2010) and Social Security Administration wage statistics