Household income has grown fastest for the highest earners

Average Annual Household Income by Income Group (Thousands of 2022 $)
⁃ ⁃ ⁃ Before Transfers and Taxes ⚊ After Transfers and Taxes
⁠⁠ Highest Quintile ⁠ Middle Quintile ⁠ Lowest Quintile

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Source: Congressional Budget OfficeEmbed Download image

Notes: Income after transfers and taxes is comprised of market income plus income from social insurance programs (i.e. Social Security), plus means-tested transfers received (i.e. Medicaid), minus federal taxes. A quintile is 20 percent of the population.