The above chart, using data from the U.S. Census Bureau, shows the distribution of individual income by age group in the U.S.
Some Interesting Observations
Half of all 15 – 24 year-olds earn less than $12.5k per year. Not much of a surprise considering most individuals in this age bracket are still in high school or college with part-time jobs.
Only 5.4% of 15 – 24 year-olds earn more than $50k per year. This percentage increases to 25.3% among 25-29 year-olds.
40 – 44 year-olds represent the age bracket with the highest percentage of individuals (56.3%) who earn over $50k per year.
50 – 54 year-olds have the highest percentage of individuals who earn $100k or more per year. Not much of a surprise either considering this is when earnings tend to peak in traditional jobs.
It’s interesting to see that in nearly every age group there’s a larger percentage of people who earn $100k per year than $75k – $100k per year.
In general, individual income tends to increase up to around age 40 – 54 before falling lower as age increases.
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