Share of Income for the Top 1% and the Bottom 50% of Americans in the United States from 1820 - 2023
This chart shows the share of income that went to the Top 1% and the Bottom 50% of Americans. This represents income inequality changes over time.
The chart begins in 1820 and then continues until 2023, and has the following key points:
- During the Gilded Age (1870 to 1900), the bottom 50% saw an increased in their share of income, reaching a peak in 1880. The top 1%'s share of income decreased during this time period.
A label in the image, points to the start of the Gilded Age (1870), and it says: "The poorest Americans started the Gilded Age by making gains in their income."
Another label points to the end of the Gilded Age (1900), and it says: "By the end of the Gilded Age, the rich had begun to claw back their wealth."
- From 1900 to 1940, the top 1% regained their income share. There was a sharp rise from the start to the end of this period. The share of income held by the bottom 50% slowly declined during this time.
- From 1940 to 1980, the top 1% once again saw their share of income fall, and the bottom 50% increased their share. This time, the change was much more dramatic than during the Gilded Age.
- From 1980 to 2023, there was once again a dramatic change, with the share of income held by the top 1% increasing and the share of income held by the bottom 50% decreasing. This trend continued until 2023.
By 2023, the top 1% had a share exceeding 20%, while the bottom 50% had less than 14% of the income in society.