[Smlr_net] [IWS] Census: FLUCTUATIONS in U.S. INCOME DISTRIBUTION 2001-2003 [3 December 2007]]

Eugene McElroy sagauro at rci.rutgers.edu
Tue Dec 18 09:47:21 EST 2007


U.S. Department of Commerce
Economics and Statistics Administration
U.S. CENSUS BUREAU
Issued November 2007
P70-112
Household Economic Studies

Dynamics of Economic Well-Being: Fluctuations in the U.S. Income
Distribution, 2001–2003 [3 December 2007]
http://www.census.gov/prod/2007pubs/p70-112.pdf
[full-text, 24 pages]

[excerpt]
HIGHLIGHTS

• Of U.S. households, 68 percent in the top quintile and 71 percent in the
bottom quintile were in the same quintile 2 years later (Figure 1).3

• Between 44 percent and 49 percent of households in the middle three
quintiles were in the same quintile 2 years later.

• Of U.S. households, approximately 11 million (10 percent) experienced
changes in their annual income between 2001 and 2003 that resulted in their
moving either up or down two or more quintiles in the income distribution
(Table 2).

• Of these 11 million households, the 3.7 percent (3.9 million) in the
bottom and the second quintiles experienced the largest percentage gain in
annual household income between 2001 and 2003, and the 6.2 percent (1.3
million) that started in the middle quintile experienced the largest
absolute gain in annual household income.

• Of these 11 million households, 11 percent (2.3 million) of those that
started in the top quintile experienced a decline of two or more quintiles
between 2001 and 2003.
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