“The latest Distribution of Household Income report from the Congressional Budget Office finds that average inflation-adjusted household income in the US grew for every fifth of the income distribution between 1979 and 2023, both before and after means-tested transfers and federal taxes. The richest fifth of households saw their incomes grow the fastest, but households in the bottom and middle fifths also enjoyed substantial gains. Among households in the bottom fifth of the income distribution, average real annual income rose by 50 percent before means-tested transfers and federal taxes and 108 percent after,” notes Human Progress.
In the U.S., the typical person has a higher income than ever. “U.S. inflation-adjusted median household income reached a record high of $87,460 in 2025,” according to statistics cited in the New York Times.
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