Economy Now

Instant reaction and smart charts on economic trends.

Who's got the money?

May 31, 2012: 2:00 PM ET

Who makes the big bucks in America?

Middle-aged white couples.

We all know that income is concentrated in the United States, but Sentier Research has crunched the data to show just who has the money.

Take a look at the breakdown by race:

White households have an aggregate income of $6.2 trillion, while Hispanics have an aggregate income of $710 billion and blacks $641 billion. Asians, meanwhile, have $419 billion.

To be sure, there are more white households in the U.S. But they and Asians have a greater share of the total income than their share of households. Blacks and Hispanics have a smaller slice of the pie.

California residents, meanwhile, command almost 13% of the nation's aggregate income...or a cool $1 trillion.

And check out how much residents of the top 10 states with the largest total incomes pull in:

Sentier also calculated that married couples have an aggregate income of $5.4 trillion, far more than the $1.2 trillion earned by single folks and the $421 billion brought home by single-parent households.

And among married couples, those age 35 to 54 received more than half the total income, or $2.8 trillion.

Overnight Avg Rate Latest Change Last Week
30 yr fixed3.96%3.98%
15 yr fixed3.07%3.09%
5/1 ARM3.20%3.23%
30 yr refi3.96%4.07%
15 yr refi3.08%3.17%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Economic Calendar
Latest ReportNext Update
Home pricesAug 28
Consumer confidenceAug 28
GDPAug 29
Manufacturing (ISM)Sept 4
JobsSept 7
Inflation (CPI)Sept 14
Retail sales Sept 14
Powered by WordPress.com VIP.
Follow

Get every new post delivered to your Inbox.

Join 95 other followers