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The Distribution of Household Income, 2017

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  • Congressional Budget Office

Abstract

In 2017, average income before accounting for means-tested transfers and federal taxes was $21,300 for households in the lowest income quintile (fifth) and $309,400 for those in the highest quintile. Those transfers and taxes increased average household income toward the bottom of the income distribution and reduced income toward the top of the distribution. After accounting for the effects of transfers and taxes, CBO estimates that average household income for the lowest and highest quintiles was $35,900 and $229,700, respectively.

Suggested Citation

  • Congressional Budget Office, 2020. "The Distribution of Household Income, 2017," Reports 56575, Congressional Budget Office.
    • Handle: RePEc:cbo:report:56575
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    File URL: https://www.cbo.gov/system/files/2020-10/56575-Household-Income.pdf
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    Cited by:

    1. Bagis, Bilal & Yumurtaci, Aynur, 2020. "Welfare Perceptions of the Youth: A Turkish Case Study," GLO Discussion Paper Series 671, Global Labor Organization (GLO).
    2. Dimitri B. Papadimitriou & Michalis Nikiforos & Gennaro Zezza, 2021. "The Pandemic, the Stimulus, and the Future Prospects for the US Economy," Economics Strategic Analysis Archive sa_6_21, Levy Economics Institute.
    3. Edward L. Glaeser & Caitlin S. Gorback & James M. Poterba, 2022. "How Regressive Are Mobility-Related User Fees and Gasoline Taxes?," NBER Chapters, in: Tax Policy and the Economy, Volume 37, pages 1-56, National Bureau of Economic Research, Inc.
    4. Dorian Carloni & Terry Dinan, 2021. "Distributional Effects of Reducing Carbon Dioxide Emissions With a Carbon Tax: Working Paper 2021-11," Working Papers 57399, Congressional Budget Office.
    5. Chatterji, Pinka & Li, Yue, 2021. "Effects of COVID-19 on school enrollment," Economics of Education Review, Elsevier, vol. 83(C).

    More about this item

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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