1. Income Inequality Overview Fall Semester 2018
Income Distribution Over Time

6. Civilian Unemployment Rate
Current: 4.1%

7. Labor Force Participation Rate
Current: 62.7%

14. Size of adjusted gross income
All returns 2013
147,351,299
100.0
No adjusted gross income
2,113,013
1.4
$1 under $5,000
10,608,111
7.2
$5,000 under $10,000
12,030,388
8.2
$10,000 under $15,000
12,503,345
8.5
$15,000 under $20,000
11,621,535
7.9
$20,000 under $25,000
10,125,285
6.9
$25,000 under $30,000
8,809,515
6.0
$30,000 under $40,000
14,473,606
9.8
$40,000 under $50,000
11,279,394
7.7
$50,000 under $75,000
19,229,309
13.0
$75,000 under $100,000
12,574,107
$100,000 under $200,000
16,425,446
11.1
$200,000 under $500,000
4,488,110
3.0
$500,000 under $1,000,000
724,251
0.5
$1,000,000 under $1,500,000
156,269
0.1
$1,500,000 under $2,000,000
64,236
[2]
$2,000,000 under $5,000,000
91,128
$5,000,000 under $10,000,000
21,412
$10,000,000 or more
12,839

15. Accumulated from smallest size of adjusted gross income
No adjusted gross income 2013
2,113,013
1.4
$1 under $5,000
10,608,111
7.2
$1 under $10,000
22,638,499
15.4
$1 under $15,000
35,141,844
23.8
$1 under $20,000
46,763,379
31.7
$1 under $25,000
56,888,664
38.6
$1 under $30,000
65,698,179
44.6
$1 under $40,000
80,171,785
54.4
$1 under $50,000
91,451,180
62.1
$1 under $75,000
110,680,489
75.1
$1 under $100,000
123,254,596
83.6
$1 under $200,000
139,680,042
94.8
$1 under $500,000
144,168,152
97.8
$1 under $1,000,000
144,892,403
98.3
$1 under $1,500,000
145,048,672
98.4
$1 under $2,000,000
145,112,908
98.5
$1 under $5,000,000
145,204,036
$1 under $10,000,000
145,225,448
98.6
$1 or more
145,238,287
All returns
147,351,299
100.0

23. Table 1. Real Income Growth by Groups
Average Income Real Growth
Top 1% Incomes Real Growth
Bottom 99% Incomes Real Growth
Fraction of total growth (or loss) captured by top 1%
(1)
(2)
(3)
(4)
Full period
25.7%
94.5%
14.3%
52%
Clinton Expansion
31.5%
98.7%
20.3%
45%
2001 Recession
-11.7%
-30.8%
-6.5%
57%
Bush Expansion
16.1%
61.8%
6.8%
65%
Great Recession
-17.4%
-36.3%
-11.6%
49%
Recovery
13.0%
37.4%
7.6%
Computations based on family market income including realized capital gains (before individual taxes).
Incomes exclude government transfers (such as unemployment insurance and social security) and non-taxable fringe benefits.
Incomes are deflated using the Consumer Price Index.
Column (4) reports the fraction of total real family income growth (or loss) captured by the top 1%.
For example, from 2002 to 2007, average real family incomes grew by 16.1% but 65% of that growth
accrued to the top 1% while only 35% of that growth accrued to the bottom 99% of US families.
Source: Piketty and Saez (2003), series updated to 2015.

30. “Exploding Wealth Inequality in the U. S
“Exploding Wealth Inequality in the U.S.”, Emmanuel Saez and Gabriel Zucman, Washington Center for Equitable Growth