Dan Demeglio, race and sports book supervisor, cashes a 200-to-1 future bet for Doug O'Neill, trainer of Kentucky Derby winner "I'll Have Another", at the Primm Valley Casino in Primm, Nevada June 25, 2012. O'Neill won $20,000 for his $100 bet, which he made in February, that the horse would win the Kentucky Derby. REUTERS/Las Vegas Sun/Steve Marcus (UNITED STATES - Tags: SPORT HORSE RACING)

US incomes are growing across the board, but inequality is still with us

10%

That’s the amount that median incomes grew in the US between 2013 to 2016, rising to $52,700.

Published   |  Photo by Reuters/Las Vegas Sun/Steve Marcus
Dan Demeglio, race and sports book supervisor, cashes a 200-to-1 future bet for Doug O'Neill, trainer of Kentucky Derby winner "I'll Have Another", at the Primm Valley Casino in Primm, Nevada June 25, 2012. O'Neill won $20,000 for his $100 bet, which he made in February, that the horse would win the Kentucky Derby. REUTERS/Las Vegas Sun/Steve Marcus (UNITED STATES - Tags: SPORT HORSE RACING)
10%

And incomes are growing across every demographic: for poor and rich, across education levels, and for ethnic minority groups.

Dan Demeglio, race and sports book supervisor, cashes a 200-to-1 future bet for Doug O'Neill, trainer of Kentucky Derby winner "I'll Have Another", at the Primm Valley Casino in Primm, Nevada June 25, 2012. O'Neill won $20,000 for his $100 bet, which he made in February, that the horse would win the Kentucky Derby. REUTERS/Las Vegas Sun/Steve Marcus (UNITED STATES - Tags: SPORT HORSE RACING)
10%

Relative growth in median incomes for households since 1998

Dan Demeglio, race and sports book supervisor, cashes a 200-to-1 future bet for Doug O'Neill, trainer of Kentucky Derby winner "I'll Have Another", at the Primm Valley Casino in Primm, Nevada June 25, 2012. O'Neill won $20,000 for his $100 bet, which he made in February, that the horse would win the Kentucky Derby. REUTERS/Las Vegas Sun/Steve Marcus (UNITED STATES - Tags: SPORT HORSE RACING)
10%

But inequality is still on the rise. Median income for the wealthiest households grew 9%, while for the poorest, only 3%.

Dan Demeglio, race and sports book supervisor, cashes a 200-to-1 future bet for Doug O'Neill, trainer of Kentucky Derby winner "I'll Have Another", at the Primm Valley Casino in Primm, Nevada June 25, 2012. O'Neill won $20,000 for his $100 bet, which he made in February, that the horse would win the Kentucky Derby. REUTERS/Las Vegas Sun/Steve Marcus (UNITED STATES - Tags: SPORT HORSE RACING)
10%

Relative growth in median incomes for households since 1998

Dan Demeglio, race and sports book supervisor, cashes a 200-to-1 future bet for Doug O'Neill, trainer of Kentucky Derby winner "I'll Have Another", at the Primm Valley Casino in Primm, Nevada June 25, 2012. O'Neill won $20,000 for his $100 bet, which he made in February, that the horse would win the Kentucky Derby. REUTERS/Las Vegas Sun/Steve Marcus (UNITED STATES - Tags: SPORT HORSE RACING)
10%

Still, this is largely good news as the US economy emerges from the Great Recession. Median US household income dropped 5% between 2010 and 2013, to $48,100.

Published

Check out more stories below—and please take a quick three-minute survey to help us improve.

Share this story

home our picks popular latest obsessions search