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However, a 2018 study by the Congressional Budget Office showed average household income rising 68.8% for the bottom quintile after government transfers (in the form of various income support and in-kind programmes, subsidies, and taxes) from 1979 to 2014.
Quintile measures of inequality satisfy the transfer principle only in its weak form because any changes in income distribution outside the relevant quintiles are not picked up by this measures; only the distribution of income between the very rich and the very poor matters while inequality in the middle plays no role.
According to a 2004 analysis of income quintile data by The Heritage Foundation, inequality is less after adjusting for household size. Aggregate share of income held by the upper quintile (the top earning 20 percent) decreases by 20.3% when figures are adjusted to reflect household size. [261]
Additionally, various agencies, including the Congressional Budget Office compile reports on income statistics. The primary classifications are by household or individual. The top quintile in personal income in 2019 was $103,012 [2] (included in the chart below). The differences between household and personal income are considerable, since 61% ...
In 2016, average market income was $15,600 for the lowest quintile and $280,300 for the highest quintile. The degree of inequality accelerated within the top quintile, with the top 1% at $1.8 million, approximately 30 times the $59,300 income of the middle quintile. [45]
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This is a stark contrast to the growth in income of their male counterparts. The employment rate of women in their 30s has increased from 39% in 1964 to 70% in 2004. [21] This sharp increase in income for working women, in addition to stable male salaries, is the reason upward economic mobility is attributed to women.