The above chart, using data from the U.S. Census Bureau, shows the distribution of individual income by age group in the U.S.
Some Interesting Observations
Half of all 15 – 24 year-olds earn less than $12.5k per year. Not much of a surprise considering most individuals in this age bracket are still in high school or college with part-time jobs.
Only 5.4% of 15 – 24 year-olds earn more than $50k per year. This percentage increases to 25.3% among 25-29 year-olds.
40 – 44 year-olds represent the age bracket with the highest percentage of individuals (56.3%) who earn over $50k per year.
50 – 54 year-olds have the highest percentage of individuals who earn $100k or more per year. Not much of a surprise either considering this is when earnings tend to peak in traditional jobs.
It’s interesting to see that in nearly every age group there’s a larger percentage of people who earn $100k per year than $75k – $100k per year.
In general, individual income tends to increase up to around age 40 – 54 before falling lower as age increases.
Zach is the author behind Four Pillar Freedom, a blog that teaches you how to build wealth and gain freedom in life.
He quit his day job as a data scientist in 2019 because he was able to earn enough income from profitable websites to replace his salary. He now teaches people how to start and grow their own profitable websites from scratch in the Income Community.
Zach's favorite free financial tool he's been using since 2015 to manage his net worth is Personal Capital. Each month he uses their free Investment Checkup tool and Retirement Planner to track his investments and ensure that he's on the fast track to financial freedom.
His favorite investment platform is M1 Finance, a site that allows him to build a custom portfolio of stocks for free, has no trading or maintenance fees, and even allows him to set up automated target-allocated investments.
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Nice chart! I’m loving all these visuals again. Very helpful.
Nice work, Zach. – Mike
Wow that’s kind of surprising to me to see how many people earn 100k+.
I’d love to see something like this broken out geographically.
Your HTML/JavaScript skill is amazing. Very nice graphics.
Thank you! Glad you liked the chart 🙂