United States of America, Income, poverty and wealth

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Summary

The United States of America (USA or U.S.A.), commonly referred to as the United States (US or U.S.), America, and sometimes the States, is a federal republic consisting of 50 states and a federal district. The 48 contiguous states and Washington, D.C., are in central North America between Canada and Mexico. The state of Alaska is the northwestern part of North America and the state of Hawaii is an archipelago in the mid-Pacific. The country also has five populated and nine unpopulated territories in the Pacific and the Caribbean. At 3.71 million square miles (9.62 million km2) a

Details

Americans have the highest average household and employee income among OECD nations, and in 2007 had the second highest median household income. The United States has a higher relative poverty rate than the OECD average. According to the Census Bureau real median household income was $50,502 in 2011, down from $51,144 in 2010. The Global Food Security Index ranked the U.S. number one for food affordability and overall food security in March 2013. Americans on average have over twice as much living space per dwelling and per person as European Union residents, and more than every EU nation.

Wealth, like income and taxes, is highly concentrated; the richest 10% of the adult population possess 72% of the country's household wealth, while the bottom half claim only 2%. This is the second-highest share among developed nations. In 2014 the United Nations Development Programme ranked the United States 28th among 146 countries on its inequality-adjusted human development index (IHDI), 23 places lower than in the standard HDI. There has been a widening gap between productivity and median incomes since the 1970s. While inflation-adjusted ("real") household income had been increasing almost every year from 1947 to 1999, it has since been flat and even decreased recently.

The rise in the share of total annual income received by the top 1 percent, which has more than doubled from 9 percent in 1976 to 20 percent in 2011, has had a significant impact on income inequality,Alvaredo, Facundo; Atkinson, Anthony B.; Piketty, Thomas; Saez, Emmanuel (2013). "The Top 1 Percent in International and Historical Perspective"Copyright: Attribute—Share Alike

External Links

  • WikipediaUnited StatesKey Development Forecasts for the United StatesOfficial U.S. Government Web PortalHouseSenateWhite House

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