Henry Pelham (25 September 1694–6 March 1754) was a British Whig statesman. He was Prime Minister of Great Britain from 27 August 1743 to his death about ten years later.
List of U.S. states by elevation
This is a list of United States states by alphabetical state. Elevation means the height of something above sea level. The highest point in the U.S. is Denali at 20,320 feet (6,194 m) above sea level. The lowest point on land in the U.S. is Badwater in Death Valley at 282 feet (86 m) below sea level.
Household income in the United States
The Household income in the United States is a measure of current private income commonly used by the United States government and private institutions. To measure the income of a household, the pre-tax money receipts of all residents over the age of 15 are combined. Most of these receipts are in the form of wages and salaries (before withholding and other taxes), but many other forms of income, such as unemployment insurance, disability, child support, etc., are included as well. The residents of the household do not have to be related to the householder for their earnings to be considered part of the household's income. While the use of household income remains among the most widely accepted as households tend to share a common economic fate, the size of a household which is commonly not considered may off-set gains in household income.
In 2005, the median annual household income according to the US Census Bureau was determined to be $46,326, similar to that of Canada which was roughly $41,510 (USD) in the year 2000. The median income per household member (including all working and non-working members above the age of 14) in the year 2003 was $23,535. In the year 2005, there were approximately 113,146,000 households in the United States. 17.23% of all households had annual incomes exceeding $100,000, while another 12.7% fell below the federal poverty threshold while the bottom 20% earned less than $19,178. While the aggregate income distribution tends to tilt towards the top with the top 6.37% earning roughly one third of all income, those with upper-middle incomes also controlled a large, though declining, share of the total earned income. Households in the top quintile, 77% of which had two income earners, had incomes exceeding $91,705. Households in the mid quintile, with a mean of one income earner per household had incomes between $36,000 and 57,657.
The 2005 economic survey also found that households in the top 40%, those with an annual household income exceeding $55,331, had a median of two income earners while those in the lower quintiles (2nd and middle quintile) had median of only one income earner per household. Due to high unemployment among those in the lowest quintile the median number of income earners for this particular group was determined to be zero. Overall the United States followed the trend of other developed nations with a relatively large population of relatively rich households outnumbering the poor. Among those in-between the relative extremes of the income strata a large and quite powerful section of households with moderately high middle class incomes and an even larger number of households with moderately low incomes. While the median household income has increased 44% since 1990 it has decreased very slightly when considering inflation. In 1990, the median household income was determined to be $30,056; $44,603 in 2003 dollars. While personal income has remained relatively stagnant since over the past few decades, household income has risen due to the rising percentage of households with two or more income earners. Between 1999 and 2004 household income stagnated showing a slight increase since 2004.
SOURCE: US Census Bureau, 2005
Households are often divided into quintiles according to their gross income. Each quintile represents 20%, or one fifth, of the population.
Household type is strongly correlated with household income. Married couples are disproportionately represented in the upper two quintiles, compared to the general population of households. Cross-referencing shows that this is likely due to the presence of multiple income earners in these families. Non-family households (individuals) are disproportionately represented in the lower two quintiles. Households headed by single males are disproportionately found in the middle three quintles; single females head households concentrated in the bottom three quintiles.
The highest income households are almost ten times as likely to own their homes rather than rent, but in the lowest quintile, the ratio of owners to renters is nearly one to one.
The New York Times has used the quintiles to define class. It has assigned the quintiles from lowest to highest as lower class, lower middle class, middle class, upper middle class, and upper class.
SOURCE: US Census Bureau, 2004
Despite great advances made to lift minorities out of poverty and many African Americans and Latino Americans joining the middle class, there is still an uneven racial distribution among the groups. While Caucasians who were not of Hispanic descent made up roughly 75.1% of all persons in 2000, 87.93% of all households in the top 5% were headed by a person who identified as being White alone. Only 4.75% of all household in the top 5% were headed by someone who identified him or herself as being Hispanic or Latino of any race, versus 12.5% of persons identifying themselves as Hispanic or Latino in the general population. Overall 86.01% of all households in the top two quintiles with upper-middle range incomes of over $55,331 were headed by a head of household who identified him or herself as White alone, while only 7.21% were being headed by someone who identified as being Hispanic and 7.37% by someone who idenitified as being African American or Black. Overall households headed by Hispanics and African Americans or Blacks were underrepresented in the top two quintiles and overrepresented in the bottom two quintiles. Households headed by persons who identified as being Asian alone, on the other hand, were overrepresented among the top two quintiles. In the top five percent the percentage of Asians was nearly twice as high as the percentage of Asians among the general population. European Americans were relatively even distributed throughout the quintiles only being underrepresented in the lowest quintile and slightly overrepresented in the top quintile and the top five percent.
SOURCE: US Census Bureau, 2004
Household income as well as per capita income in the United States rise significantly as the educational attainment increases. In 2005 graduates with a Master's in Business Administration (MBA) who accepted job offers are expected to earn a base salary of $88,626. They are also expected to receive "…[a]n average signing bonus of $17,428." According to the US Census Bureau persons with doctorates in the United States had an average income of roughly $81,400. The average for an advanced degree was $72,824 with men averaging $90,761 and women averaging $50,756 annually. Year-round full-time workers with a Professional degree had an average income of $109,600 while those with a Master's degree had an average income of $62,300. Overall "…[a]verage earnings ranged from $18,900 for high school dropouts to $25,900 for high school graduates, $45,400 for college graduates and $99,300 for workers with professional degrees (M.D., D.O., J.D., D.D.S., or D.V.M.).