Income and Wealth Distribution

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Income and Wealth Distribution:

Individual Earned Income Distribution: (Based of US BLS, IRS, and Other Data)
•Top 0.01% of Earning Population: $10+ Million/year
o Professions: Top Corporate Executives, Celebrities (Actors, Athletes, etc.), etc.

•Top 1% of Earning Population: $300,000+/year
o Professions: Corporate Executives, Celebrities (Actors, Athletes, etc.), Specialized Doctors/Surgeons, Professional Service Firm Partners, Top Sales Professionals, etc.

•Top 20% of Earning Population: Median $75,000-$100,000+/year
o Professions: Middle Management, Business/Financial Professionals, Technology Professionals, Architects/Engineers, Scientists, Healthcare Professionals, Lawyers, College Professors, Airline Pilots, Air Traffic Controllers, etc.

• Top 70%-80% of Earning Population: Median $60,000-$70,000/year
o Professions: Architects/Engineering Technicians, K-12 Teachers, Law Enforcement, Manufacturing/Service Sales Professionals, Supervisors Various, Plant Operators, Transportation Workers (Flight, Rail, Water), etc.

•Top 60%-70% of Earning Population: Median $50,000-$60,000/year
o Professions: Science Technicians, Social Workers, Religious Workers, Legal Support Workers, Library/Museum Workers, Art & Design Workers, Entertainment Workers, Media Equipment Workers, Healthcare Technician, Firefighters, Construction Trade Workers, Extraction Workers, Equipment Mechanics

• 0%-50% of Earning Population: Median $36,000/year
o Professions: Healthcare Support Workers, Food Preparation and Serving Workers, Building & Grounds Cleaning/Maintenance Workers, Personal Care and Service Workers, Retail Workers, Office/Administrative Workers, Farm Workers, Manufacturing Workers, Motor Vehicle Operators, etc.

Household Income:
• Potential 2 Earner Households:
o ~$87,500 x 2 = ~$175,000
o ~$87,500 + ~$36,000 = ~$123,500
o ~$60,000 x 2 = ~$120,000
o ~$60,000 + ~$36,000 = ~$96,000
o ~$36,000 x 2 = ~$72,000

• Single Earner Households:
o Married: ~$60,000+
o Solo: ~$25,000-$36,000+

• Household Income:
o Upper Class: $150,000-$200,000+

o Middle Class:
- Upper: ~$75,000-$125,000+/Year
- ~$60,000-$75,000/Year
- Lower: ~$36,000-$60,000/Year

o Low Income: Less Than or Equal to ~$36,000

Wealth Distribution (Federal Reserve and Other Data):
• Top 0.01% of Population: ~$30+ Million
• Top 1% of Population: ~$5+ Million
• Top 10% of Population: ~$1-$5 Million
• Top 80%-90% of Population: ~$400,000-$800,000
• Top 60%-80% of Population: ~$200,000-$400,000
• 0%-50% of Population: ~$5,000-$200,000

Household Spending/Saving Characteristics:
• Types/Quality of Good and Service Markets:
o Luxury Goods and Services (Target: High Income/Wealth)
o Quality/Brand Name Goods and Services (Target: Middle Income/Wealth)
o Cheap/Budget Goods and Services (Target: Low Income/Wealth)

• Savings/Investing Markets:
o Top 10% Actively Managing Wealthy Investors: Save 15%-20%+ of Income
o 50%-90% Pension/Index Fund Investors: Save 5%-15% of Income
o Bottom 50% Minimal or No Savings/Investing: Save 5% or Less of Income (Bank Savings Accounts)

• Average Household Spending Distribution (% Gross Income):
o Largest Expenses: ~60%-65%
-Housing: ~25%-30% of Income
-Transportation: ~10%-15% of Income
-Food: ~10% of Income
-Net Healthcare: ~7.5% of Income (Excludes Company Subsidies)
-Entertainment: ~5%
-Apparel: ~2.5%

o Taxes/Social Insurance: ~17.5%-20%

o Other Expenses: ~17.5%
-Other Expenses
-Saving/Investing: ~5%-10%+ of Income