Curious where your yearly income puts you? Here is Gross income by average Americans. By 10% quartiles:
| Decile | Lower Limit | Upper Limit |
| Lowest or 1st | $0 | $11,164 |
| 2nd | $11,165 | $18,361 |
| 3rd | $18,362 | $26,783 |
| 4th | $26,784 | $35,681 |
| 5th | $35,682 | $46,614 |
| 6th | $46,615 | $59,548 |
| 7th | $59,549 | $75,976 |
| 8th | $75,977 | $99,621 |
| 9th | $99,622 | $140,195 |
| Highest or 10th | $140,196 | The uber-rich |
For some perspective – there is a lot one can glean from this trip down memory lane. The Cost of Goods sold over time, with numerous factoids of the time. Enjoy.
1940
Apples: $0.02
Coffee: $0.23
Chicken: $0.07
Eggs: $0.12
Wine: $0.44
Whole Milk: $0.17
The first Social Security check is issued to Ida May Fuller for $22.54 (about $380 in 2016 dollars).
1950
Apples: $0.05
Coffee: $0.48
Chicken: $0.15
Eggs: $0.25
Wine: $0.95
Whole Milk: $0.35
Truman signs an order that sends U.S. forces to fight in Korea. The Korean War goes on to cost the U.S. government $30 billion (or about $300 billion in 2016 dollars) by 1953.
1960
Apples: $0.06
Coffee: $0.57
Chicken: $0.18
Eggs: $0.30
Wine: $1.12
Whole Milk: $0.42
April 1960 marks the beginning of the Recession of 1960-61 in the United States. The GDP fell 1.6 percent in this recession.
1970
Apples: $0.07
Coffee: $0.75
Chicken: $0.24
Eggs: $0.39
Wine: $1.46
Whole Milk: $0.54
The recession ends in November of 1970 and subsequently decreases GDP by 0.6 percent.
1980
Apples: $0.21
Coffee: $3.14
Chicken: $0.71
Eggs: $0.85
Wine: $3.23
Whole Milk: $1.20
The U.S. Supreme Court rules that genetically engineered organisms can be patented. The Center For Food Safety estimates that 75 percent of processed foods have genetically engineered ingredients.
1990
Apples: $0.24
Coffee: $2.97
Chicken: $0.90
Eggs: $1.01
Wine: $4.92
Whole Milk: $1.83
President George H.W. Bush signs amendments to the Clean Air Act, which some estimate went on to have a $690 billion benefit between 1990 and 2010.
2000
Apples: $0.31
Coffee: $3.45
Chicken: $1.07
Eggs: $0.91
Wine: $4.06
Whole Milk: $2.78
The Federal Reserve raises interest rates six times between June 1999 and May 2000 in hopes of cooling the economy.
2010
Apples: $0.41
Coffee: $3.91
Chicken: $1.26
Eggs: $1.66
Wine: $7.24
Whole Milk: $3.26
Obama signs the Affordable Care Act, otherwise known as Obamacare.
2015
Apples: $0.45
Coffee: $4.72
Chicken: $1.49
Eggs: $2.47
Wine: $9.19
Whole Milk: $3.42
The Supreme Court rules that same-sex marriage is a constitutional right in all 50 states. Some estimate this could boost boost the $51 billion wedding industry by another $2.5 billion.
What do you take away from these notes and statistics? Zap me back your thoughts!
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