The top 20% of households in 1998 was $127,000.
The 90%tile of workers in 1999 was 52%. Assuming that a household has two wage earners in a similar earnings basis (which is certainly >not< valid in the real world) that makes the top 10%tile averaging 104,000 a year. It would also make the top 20%tile making about 78,000 a year.
The number also seem awfully low in my opinion.
---------- Original Message ---------------------------------- From: Doug Henwood <dhenwood at panix.com> Reply-To: lbo-talk at lists.panix.com Date: Fri, 19 May 2000 12:35:41 -0400
>Carrol Cox wrote:
>
>>In 1969 #25,000 a year virtually put one in the margins of the
>>ruling class. I would like to see a chart of household incomes
>>more finely divided than by quintiles. Just what is the level at
>>which one is living off the labor of others? My daughter (a
>>computer consultant) describes her salary as obscene (and her
>>husband, also a computer consulatant, has incorporated himself).
>>So they are at that level. But where (even crudely) is the dividing
>>line? I would assume, especially in a high cost area, that it is
>>well above $55,000.
>
>
>The average income of the top 20% of households in 1998 was $127,529;
>that of the top 5%, 222,283. That implies an average of 127,529 for
>the next 15%. The boundary between the fourth & fifth quintiles is at
>$75,000.
>
>Here are the average hourly earnings by decile (I think the numbers
>are at the top of the decile, e.g. "1" would mean at the 10th
>percentile, etc., and not averages) in mid-1999. The panel below the
>hourly numbers is how those would translate into yearly earnings (at
>2000 hours/year). That's not really fair, since the hourly figures
>are for all workers, and not year-round, full-time workers, but hey,
>it's close enough for the internet.
>
>
>
> all female male
>hourly
> 1 6.05 5.77 6.59
> 2 7.35 6.83 8.12
> 3 8.72 7.89 9.85
> 4 10.10 9.05 11.50
> 5 11.87 10.31 13.40
> 6 13.93 12.03 15.63
> 7 16.45 14.30 18.42
> 8 19.93 17.40 22.23
> 9 26.05 22.63 29.17
>
>yearly
> 1 12,092 11,547 13,177
> 2 14,709 13,663 16,247
> 3 17,432 15,781 19,694
> 4 20,203 18,109 23,000
> 5 23,747 20,617 26,805
> 6 27,866 24,066 31,270
> 7 32,909 28,600 36,848
> 8 39,855 34,804 44,453
> 9 52,095 45,255 58,340
>
>Doug
>