A new study has found that the city of San Francisco has the highest gross wages in the country, with an average household income of $119,000 per year. The study, conducted by the US Census Bureau, looked at data from 2019 and found that San Francisco has the highest median household income in the country, followed by Washington, D.C. and Seattle.
The study also found that the overall median household income in the United States rose to $68,700 in 2019, an increase of 6.8% from the previous year. However, the study noted that this increase was not evenly distributed among all demographics, with the wealthiest households seeing the largest gains.
In terms of race and ethnicity, the study found that Asian households had the highest median income, followed by white households, Hispanic households, and Black households. The study also found that the poverty rate in the United States decreased to 10.5% in 2019, down from 11.8% in 2018.
Despite the overall increase in household income, the study noted that wage inequality in the United States remains a significant issue. The study found that the top 5% of households in the country earned 22.2% of all income in 2019, while the bottom 20% of households earned just 3.1% of all income.
Overall, the study highlights the growing disparity in household income in the United States and emphasizes the need for policy changes to address wage inequality and ensure economic prosperity for all Americans.
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