The Distribution of Household Income, 2015

Congressional Budget Office

No 54646, Reports from Congressional Budget Office

Abstract: In 2015, average household income before accounting for means-tested transfers and federal taxes was $20,000 for the lowest income quintile (fifth) and $292,000 for the highest quintile. Those transfers and taxes increased average household income toward the bottom of the income distribution and reduced income toward the top of the distribution. After accounting for the effects of transfers and taxes, average household income for the lowest and highest quintiles was $33,000 and $215,000, respectively, CBO estimates.

JEL-codes: H20 H24 H50 J30 (search for similar items in EconPapers)
Date: 2018-11-08
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