Household income is the average income of all people living in a housing unit. It doesn't matter whether they live alone, with a family, or with a group of unrelated individuals such as friends or roommates. The Census also breaks down income by age, relationship to the household, race, ...
To calculate your household income, add up any income sources from all the people who live in your household and are at least 15 years old. Median incomes generally increase over time, and they vary widely by factors such as location, age and race/ethnicity. ...
marriage increases intrahousehold differences in labor market outcomes. This pattern is consistent with a common explanation of the earnings premium experienced by heterosexual men and women: marriage increases investments in relationships that affect patterns of household specialization. Therefore, our results...
Economy U.S. household income distribution 2023 Economy U.S. minimum wage 2024, by state Economy U.S. median household income 1990-2023 Economy U.S. median household income 2023, by race and ethnicity Access all statistics starting from $1,788 USD yearly ** For commercial use only Basic ...
When it comes to all races, the real median household income is $80,440. Broken down, we find the following: Black: $48,297 Hispanic (any race): $57,981 White, not Hispanic: $77,999 Asian: $101,418 Average US Salary FAQ
1 U.S. Census Bureau, Age of Householder-Households, by Total Money Income, Type of Household, Race and Hispanic Origin of Householder, October 8, 2021. 2 Pension Rights Center, Income of Today’s Older Adults, April 16, 2021. 3 Empower is not affiliated with the National Council on Agi...
The average household debt in 2022 is $8,942 Alaskans have the highest average credit card debt ($6,617) among residents of all states Americans in the 70+ and 45-54 age groups hold the most credit card debt Credit card debt is most predominant in the $59,000 to $95,000 income bra...
Average credit card debt per household was calculated by dividing U.S. credit card debt in the second quarter of 2024 ($1.142 trillion) by the most recent data on the number of households, taken in 2023 (131.434 million). Average credit card debt b...
What is the breakdown of student loan debt by race? Race/ethnicityAverage total education loan debtMedian household net worth Source: Federal Reserve Black $53,430 $44,100 Hispanic $26,460 $62,100 White $46,140 $284,310 Other $51,810 $132,200 Racial disparities in student debt In a ...
Average household retirement savings: $537,560. Median household retirement savings: $185,000. This age range is close to Social Security’s definition of full retirement age, which ranges from 65 to 67, depending on your year of birth. About 57% of households headed by a baby boomer have...