NewsSOS
The average real income of families in the top 10% of earners fell 14% between 2021 and 2024, according to data released by the Federal Reserve on Friday.
In contrast, the median American family's income rose 7% in inflation-adjusted terms over the same period.
The figures, drawn from the Survey of Consumer Finances, indicate that income inequality declined during the post-pandemic period, a finding that runs counter to narratives of a K-shaped economy.
The top decile's average real income dropped to $652,000 from $757,000, with both figures expressed in 2025 dollars.
Keep reading