The Income Reality
Before we talk about tariffs, inflation, and wages, let’s set the scene. The chart below shows the distribution of U.S. household incomes in 2024:
29.6% of households earn less than $50,000.
29.6% earn between $50,000 and $99,999.
17.4% earn between $100,000 and $149,999.
14.6% earn between $150,000 and $249,999.
Only 8.8% earn $250,000 or more.
