21-Jan-15 Number of Households, Average Income and Income Shares, and Income Category Minimums for Elderly Childless Households, by Household Income Category, 1979-2011 Year Lowest Quintile Second Quintile Middle Quintile Fourth Quintile Highest Quintile All Quintiles 81st - 90th Percentiles 91st - 95th 96th - 99th Percentiles Percentiles Top 1 % Number of Households (Millions) 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 6.5 6.2 5.7 5.0 4.4 4.9 4.9 4.5 4.2 4.4 4.4 4.7 4.7 4.3 4.3 4.1 4.2 3.7 3.6 3.6 3.8 4.3 4.0 3.8 3.9 3.8 3.7 3.4 3.5 3.6 3.1 2.9 3.5 3.6 3.6 3.8 4.0 4.3 4.0 4.1 4.5 5.2 5.3 5.3 5.0 5.0 5.2 5.4 5.7 5.4 5.4 5.3 5.2 5.1 5.2 5.4 5.6 5.8 5.9 5.6 5.6 5.2 5.8 5.7 5.7 6.0 2.3 2.4 2.7 3.0 3.4 3.3 3.5 3.9 4.1 4.0 4.1 4.3 4.6 4.4 4.5 5.0 4.9 5.0 5.1 5.6 5.8 5.8 5.3 5.4 5.5 5.2 5.5 5.5 5.6 5.8 6.2 6.1 6.5 1.8 2.0 2.2 2.6 2.8 3.0 3.2 3.3 3.2 3.2 3.2 3.3 3.3 3.4 3.3 3.3 3.4 3.6 3.6 3.3 3.2 3.4 4.3 4.3 4.4 4.6 4.6 4.8 5.1 5.3 5.8 5.8 6.0 2.3 2.5 2.8 2.9 3.0 2.9 2.9 2.9 2.6 2.7 3.0 3.1 3.1 3.1 3.1 3.1 3.4 3.7 3.8 3.9 3.8 3.9 3.7 3.6 3.6 3.8 4.3 4.5 4.9 4.6 4.7 5.0 5.1 16.5 16.8 17.2 17.6 17.9 18.1 18.6 19.0 19.5 19.7 20.1 20.4 20.8 20.4 20.6 21.2 21.4 21.4 21.5 21.6 21.8 22.6 22.7 22.8 23.3 23.3 23.7 24.0 24.4 25.2 25.6 25.7 27.2 0.9 1.0 1.1 1.2 1.3 1.2 1.1 1.1 1.0 1.1 1.3 1.3 1.4 1.4 1.4 1.3 1.6 1.7 1.7 1.8 1.8 1.8 1.8 1.8 1.7 1.8 2.0 2.1 2.3 2.3 2.4 2.5 2.6 0.5 0.6 0.6 0.7 0.7 0.7 0.7 0.7 0.6 0.7 0.7 0.8 0.7 0.7 0.8 0.7 0.8 0.9 0.9 1.0 0.9 0.9 0.9 0.8 0.9 0.9 1.1 1.2 1.3 1.1 1.1 1.3 1.3 0.6 0.7 0.8 0.8 0.7 0.7 0.8 0.8 0.7 0.7 0.8 0.8 0.8 0.8 0.7 0.8 0.8 0.8 0.9 0.9 0.9 0.9 0.8 0.8 0.8 0.8 0.9 1.0 1.1 1.0 0.9 1.0 1.0 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 Average Before-Tax Income (2011 dollars) 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 14,400 14,300 14,300 14,000 13,700 14,600 14,500 14,800 14,700 15,200 15,400 16,000 15,900 15,800 16,100 16,200 17,200 17,200 17,700 18,500 18,700 18,800 19,300 18,900 18,800 19,300 19,800 19,800 20,600 20,400 20,200 20,400 20,800 28,100 26,900 26,700 26,300 25,300 27,100 27,000 27,500 26,900 27,400 27,800 28,600 28,400 28,700 28,900 28,700 30,000 30,300 30,900 32,900 34,200 33,800 34,100 33,300 33,100 34,400 34,800 35,500 36,400 35,400 34,700 35,300 35,600 42,100 41,000 41,100 40,100 39,800 42,400 42,600 43,600 43,800 44,600 45,100 45,400 45,200 45,100 45,900 45,900 47,500 48,200 49,800 51,100 52,200 52,400 53,400 52,600 52,600 54,700 56,200 56,700 58,700 57,000 56,100 56,500 56,200 59,500 57,000 57,900 57,700 57,500 61,200 61,900 64,300 63,800 63,900 64,700 64,300 63,400 64,000 64,200 66,100 67,300 69,000 71,100 75,500 78,100 80,100 78,400 76,700 78,200 80,600 83,500 85,100 87,100 84,600 83,300 84,000 84,300 152,600 142,400 139,700 140,400 142,100 158,500 169,900 193,700 175,000 186,800 177,500 170,700 162,400 168,400 167,800 175,300 175,400 192,500 203,900 214,900 228,900 230,100 212,900 207,100 217,600 241,500 252,800 257,400 274,100 240,300 217,200 224,800 231,800 45,200 45,100 47,000 48,800 49,800 52,700 54,300 58,900 53,900 55,800 56,500 56,000 54,400 55,900 56,000 56,800 60,100 65,900 69,700 73,700 76,400 76,100 72,900 70,200 71,500 78,600 85,300 89,500 96,800 84,800 80,300 85,000 84,500 80,600 79,200 77,900 77,500 78,900 83,400 84,000 89,500 91,500 94,600 93,500 91,900 90,000 93,400 92,600 95,800 97,600 99,500 101,800 107,100 110,300 111,500 111,100 111,000 112,300 116,400 120,200 122,000 124,600 121,500 120,700 120,400 121,500 102,400 99,400 102,300 99,700 101,400 110,800 110,400 114,000 116,800 117,600 119,400 119,400 120,400 120,500 122,400 125,300 126,300 133,300 138,200 142,700 148,300 153,500 150,000 147,200 149,400 156,400 163,300 167,100 170,100 164,300 162,500 165,400 164,700 147,100 143,700 143,700 143,700 147,900 157,100 162,700 175,900 176,100 180,800 184,600 178,300 176,200 184,000 183,100 184,600 196,500 205,200 219,700 230,100 243,200 250,300 238,500 228,500 237,600 250,900 268,200 276,100 287,500 263,600 247,900 258,800 262,800 509,600 468,900 470,000 478,700 546,600 577,700 645,500 780,600 659,700 847,600 759,300 744,800 683,300 751,700 722,500 739,000 805,200 931,000 1,068,500 1,161,000 1,281,900 1,353,800 1,169,600 1,083,500 1,170,800 1,383,800 1,620,900 1,619,300 1,887,600 1,510,500 1,222,700 1,328,600 1,473,100 Average After-Tax Income (2011 dollars) 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 14,000 14,000 14,100 13,800 13,500 14,300 14,200 14,600 14,400 14,900 15,100 15,700 15,600 15,500 15,800 15,900 16,800 16,800 17,300 18,100 18,300 18,400 18,900 18,600 18,400 19,000 19,500 19,500 20,300 20,400 19,900 20,100 20,500 26,400 25,600 25,600 25,400 24,400 26,000 25,900 26,400 25,900 26,300 26,700 27,400 27,300 27,700 27,800 27,700 28,900 29,200 29,800 31,800 32,900 32,500 33,000 32,300 32,300 33,500 33,900 34,600 35,400 35,000 34,000 34,600 34,900 37,500 37,000 37,500 37,200 36,900 39,000 39,300 40,300 40,500 41,100 41,600 41,900 41,900 41,900 42,500 42,600 43,900 44,600 46,000 47,100 48,100 48,300 50,300 49,800 49,900 51,900 53,100 53,600 55,600 55,000 54,100 54,200 53,900 50,400 48,900 50,300 51,400 50,900 53,800 54,700 57,000 56,000 56,000 56,800 56,600 56,200 56,800 56,800 58,300 59,300 60,800 62,700 66,400 68,100 69,800 70,100 69,400 70,800 73,000 75,400 76,500 78,500 78,000 77,100 77,400 77,300 109,300 104,100 104,600 109,800 112,000 122,300 131,900 152,400 133,700 143,000 137,400 133,000 127,300 132,000 129,400 133,300 132,400 144,000 153,400 163,600 173,400 175,300 165,400 162,200 171,600 189,800 197,500 201,000 216,500 193,600 176,800 180,700 185,800 37,100 37,400 39,500 42,000 42,900 44,800 46,300 50,400 45,900 47,300 48,200 48,000 46,900 48,200 47,900 48,400 50,700 55,000 58,100 61,700 63,700 63,600 62,400 60,700 62,000 67,600 72,800 76,000 82,400 74,200 70,800 74,100 73,500 65,200 64,800 64,200 65,800 67,000 69,600 70,600 75,500 76,000 78,300 77,800 76,800 75,700 78,900 78,300 80,200 81,200 82,800 84,500 88,600 91,100 92,100 93,600 94,800 96,600 100,100 103,200 104,200 107,100 106,600 106,300 105,300 106,100 80,300 77,900 81,700 82,200 83,600 89,600 89,200 92,900 93,500 94,700 95,900 96,600 97,800 98,200 99,500 100,200 100,100 105,400 109,500 113,700 118,000 122,600 122,000 121,100 123,500 129,400 134,800 137,700 140,700 138,500 137,900 139,300 138,100 108,100 106,500 107,200 111,700 116,300 120,400 126,700 138,800 134,100 139,000 142,300 138,300 137,600 144,400 141,400 141,900 148,600 154,500 166,100 175,800 185,100 190,900 185,700 179,200 188,100 198,400 208,800 214,700 226,000 210,100 200,400 205,900 209,700 319,600 301,800 317,000 345,300 397,700 416,300 471,900 587,600 469,200 605,100 550,800 542,000 496,200 539,100 498,000 500,600 538,300 622,100 729,100 815,400 897,200 954,700 828,700 766,800 842,400 1,000,800 1,165,600 1,168,500 1,398,000 1,123,200 901,300 968,600 1,075,000 Share of Before-Tax Income (Percent) 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 12.6 11.8 10.1 8.1 6.8 7.5 7.1 5.9 5.9 6.1 6.0 6.6 6.6 5.9 6.0 5.5 5.6 4.5 4.2 4.2 4.3 4.6 4.6 4.4 4.4 4.0 3.6 3.1 3.1 3.4 3.0 2.7 3.2 13.6 12.9 12.4 12.3 12.2 11.3 10.9 11.1 13.5 13.3 13.0 12.5 12.6 13.1 13.6 13.6 12.6 11.6 11.0 10.7 10.4 10.2 11.1 11.7 11.6 11.0 9.7 9.3 8.0 9.5 9.7 9.3 9.2 12.9 13.1 13.8 14.3 15.0 14.9 14.7 15.0 17.1 16.4 16.3 17.0 18.5 17.5 17.7 18.8 18.2 17.1 17.1 17.9 18.1 17.6 17.0 17.8 17.4 15.4 15.2 14.7 13.8 15.6 17.0 15.8 15.8 14.2 14.9 15.8 17.5 17.9 19.4 19.5 18.8 19.7 18.4 18.5 18.5 18.7 18.9 18.3 18.2 17.8 17.4 17.1 15.7 15.3 15.7 20.4 20.6 20.6 20.1 18.9 19.2 18.8 21.0 23.4 22.4 21.9 46.8 47.4 48.1 48.1 48.3 47.4 48.1 49.4 44.2 46.4 46.7 46.0 44.3 45.2 45.1 44.7 46.6 50.4 51.5 52.6 52.8 52.7 47.8 46.7 47.1 50.5 53.4 54.6 57.2 51.9 49.3 51.6 51.7 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 9.8 10.4 10.7 10.7 11.6 10.1 9.4 8.7 9.1 9.6 10.5 10.5 11.0 11.1 11.0 10.6 11.8 11.7 11.6 11.8 11.7 11.8 12.0 12.3 11.6 11.5 12.0 12.0 12.2 12.9 13.8 13.8 13.7 6.7 7.5 8.0 7.8 8.2 8.3 7.4 6.9 6.9 7.2 7.3 7.8 7.7 7.7 8.2 7.4 8.2 8.6 8.6 8.9 8.5 8.4 8.1 7.7 7.9 8.0 8.9 9.0 9.1 8.6 9.1 9.6 9.0 12.5 13.2 13.7 13.1 12.1 11.2 12.2 12.2 12.4 11.7 12.7 12.3 11.7 12.4 11.7 12.1 12.1 12.3 13.1 12.8 12.7 13.5 11.5 10.9 11.0 11.3 11.9 12.9 12.9 11.8 10.8 11.4 11.5 17.8 16.4 15.7 16.4 16.4 17.7 19.1 21.6 15.9 17.9 16.3 15.4 13.9 14.1 14.3 14.6 14.5 17.7 18.2 19.1 20.0 18.9 16.1 15.8 16.6 19.8 20.7 20.6 23.0 18.5 15.5 16.8 17.5 Share of After-Tax Income (Percent) 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 15.0 13.9 11.9 9.3 7.7 8.6 8.2 6.8 6.8 7.0 6.9 7.6 7.5 6.7 6.8 6.3 6.5 5.2 5.0 4.9 5.0 5.4 5.3 5.0 5.0 4.6 4.1 3.6 3.6 3.9 3.4 3.0 3.6 15.6 14.8 14.1 13.8 13.7 12.7 12.3 12.4 15.2 15.0 14.6 14.0 14.0 14.7 15.3 15.5 14.4 13.4 12.8 12.3 12.0 11.8 12.5 13.2 13.0 12.5 11.1 10.6 9.2 10.8 10.8 10.4 10.4 14.1 14.3 15.0 15.4 16.1 16.1 15.9 16.2 18.5 17.8 17.6 18.3 19.9 18.9 19.2 20.5 19.9 19.0 19.0 19.7 20.0 19.4 18.7 19.5 19.1 17.0 16.9 16.3 15.3 17.1 18.6 17.4 17.4 14.7 15.4 16.3 18.1 18.4 20.1 20.2 19.5 20.4 19.0 19.0 19.0 19.2 19.5 18.9 18.8 18.6 18.4 18.0 16.5 15.9 16.4 21.3 21.6 21.5 21.2 20.0 20.4 19.9 22.1 24.5 23.6 23.1 40.8 41.8 42.9 43.7 44.2 43.0 43.8 45.4 39.6 41.8 42.4 41.8 40.2 41.1 40.7 39.9 41.7 45.2 46.5 47.8 48.0 48.0 43.3 42.2 42.8 46.1 48.9 50.2 53.1 47.7 45.5 47.6 47.7 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 9.6 10.2 10.5 10.6 11.4 10.0 9.2 8.6 8.9 9.4 10.2 10.3 10.7 10.9 10.8 10.4 11.6 11.7 11.5 11.6 11.6 11.7 11.8 12.2 11.5 11.5 12.1 12.1 12.4 12.9 13.8 13.9 13.7 6.4 7.1 7.6 7.5 7.9 7.9 7.0 6.6 6.4 6.8 6.8 7.4 7.2 7.3 7.8 6.9 7.7 8.2 8.2 8.5 8.1 8.0 7.7 7.3 7.5 7.7 8.6 8.7 8.8 8.3 8.7 9.3 8.7 11.2 11.8 12.2 11.9 11.1 10.1 11.2 11.2 11.1 10.6 11.5 11.1 10.6 11.3 10.5 11.0 10.8 11.1 11.9 11.7 11.6 12.3 10.5 9.9 10.1 10.3 10.8 11.9 11.9 10.7 9.9 10.4 10.6 Source: Congressional Budget Office, https://www.cbo.gov/publication/49440 Notes: Effective tax rates are calculated by dividing taxes by comprehensive household income. An elderly childless household is headed by a person age 65 or older with no member under age 18. Comprehensive household income equals pretax cash income plus income from other sources. Pretax cash income is the sum of wages, salaries, self-employment income, rents, taxable and nontaxable interest, dividends, realized capital gains, cash transfer payments, and retirement benefits plus taxes paid by businesses (corporate income taxes and the employer's share of Social Security, Medicare, and federal unemployment insurance payroll taxes) and employees' contributions to 401(k) retirement plans. Other sources of income include all in-kind benefits (Medicare, Medicaid, employer-paid health insurance premiums, food stamps, school lunches and breakfasts, housing assistance, and energy assistance). Income categories are defined by ranking all people by their comprehensive household income adjusted for household size—that is, divided by the square root of the household’s size. (A household consists of the people who share a housing unit, regardless of their relationships.) Quintiles, or fifths, contain equal numbers of people. Households with negative income (business or investment losses larger than other income) are excluded from the lowest income category but are included in totals. Individual income taxes are attributed directly to households paying those taxes. Social insurance, or payroll, taxes are attributed to households paying those taxes directly or paying them indirectly through their employers. Corporate income taxes are attributed to households according to their share of capital income. Federal excise taxes are attributed to them according to their consumption of the taxed good or service. The minimum adjusted income is the lower income boundary for each quintile. Because incomes are adjusted by dividing income by the square root of household size, an adjusted income range implies different unadjusted income for different size households. To compute the unadjusted income range for a particular size household, the adjusted income must be multiplied by the square root of the household size: 1.414 for a two-person household, 1.732 for a three-person household; 2.0 for a four-person household, 2.236 for a five-person household. 13.6 12.7 12.6 13.8 13.9 15.0 16.4 19.0 13.2 15.1 13.8 13.1 11.7 11.7 11.5 11.6 11.5 14.2 14.9 16.0 16.8 16.0 13.3 12.9 13.8 16.6 17.4 17.5 20.0 15.7 13.0 14.0 14.7