There are over a million households in “the 1%” because we have over 100 million households. Something like 127 million, according to the most recent numbers. Families make up about 65% of this total. However, they make up well north of 80% of the households in “the 1%”.
This means that for the top half of married parent households, around 1 in 10 of them is a “1%” household.
- 40% of married parents had 10k/month or higher household incomes.
- 51% had incomes of 100k/yr or higher.
- 67% had incomes of 75k/yr or higher.
- Less than 18% had incomes below 50k/yr.
The distribution shifted further upward since 2017, with the percentage of married parent households earning 50k or less shrinking nearly 10%, which was a big contributor to that 51% above 100k milestone number.