Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Income Inequality Soars: Top 10% Earn 76 Times More Than Bottom 10%

Daniel Kim Views  

Annual income of the top 0.1% of total income is $1.5 million

According to a survey, the gap between the top 10% and the bottom 10% of total income is 76 times.

The weekly report “Numbers” No. 229 from the Ministry Data Research Institute on February 27th presented a survey result titled “Polarization of Total Income.” Below are the survey results.

Polarization of Total Income

1. The gap between the top 10% and the bottom 10% of total income is 76 times

The office of Kyung Sook Yang, a member of the National Assembly Planning and Finance Committee, recently announced the “1,000th percentile data of total income,” which includes not only the labor income of our citizens but also the business and financial income. As of 2022, the average income per citizen was around $34,000, with the top 10% earning around $136,500 and the bottom 10% earning around $1,700.

[yarpp]

The income gap between the top and bottom 10% shows a severe polarization phenomenon, with a whopping 76-fold difference.

From 2018 to 2022, the income of the top 10% grew by 16.3%, while the income of the bottom 10% grew only by 0.5%, indicating the worsening gap between the two groups.

2. Annual income of the top 0.1% of total income is $1.5 million

So, how much is the average income of the top 0.1% of total income, and what is its proportion? As of 2022, the average income of the top 0.1% was about $1.5 million per person, with a monthly average of around $125,000. The total income from the top 0.1% accounted for 4.5% of the total income.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[ASIA] Latest Stories

  • North Korea Buried in April Snow—Experts Warn of Major Crop Damage After Climate Shock
  • North Korea’s Smartest Teens Are Being Dragged Into the Military—Here’s Why
  • North Korea Opens Its First Internet Café—and Kim Jong Un Brings His Daughter
  • Vietnam Cracks Down on Imports to Avoid U.S. Tariff Backlash
  • Hyundai Ioniq 5 N Time Spec Breaks Tsukuba Circuit Record, Cementing EV Performance Legacy
  • North Korea Sends Young Volunteers to Dangerous Jobs Under the Guise of Voluntary Participation

You May Also Like

  • 1
    New Warning: Antidepressants Could Increase Risk of Fatal Heart Event

    LIFESTYLE 

  • 2
    Just Two Days of Intense Exercise Could Slash Your Risk of Death

    LIFESTYLE 

  • 3
    4:3 Fasting Helps Shed More Pounds Than Daily Dieting, Says New Study

    LIFESTYLE 

  • 4
    This Study Says Winter-Conceived Babies May Grow Up Leaner—Here’s Why

    LIFESTYLE 

  • 5
    Harvard Reveals 7 Easy Chair Exercises That Are Surprisingly Powerful for Seniors

    LIFESTYLE 

Popular Now

  • 1
    Spring Is Here, So Why Are You Exhausted and Anxious?

    LIFESTYLE 

  • 2
    Why Cancer Risk Soars After a Type 2 Diabetes Diagnosis—Even Without Obesity

    LIFESTYLE 

  • 3
    Dark Red vs. Bright Red: How to Spot Colon Cancer Early

    LIFESTYLE 

  • 4
    Is 'Bad' Cholesterol Messing with Your Brain? New Study Says Yes

    LIFESTYLE 

  • 5
    New Study Finds Coffee Supercharges Good Gut Bacteria — Even Decaf

    LIFESTYLE 

Must-Reads

  • 1
    New Warning: Antidepressants Could Increase Risk of Fatal Heart Event

    LIFESTYLE 

  • 2
    Just Two Days of Intense Exercise Could Slash Your Risk of Death

    LIFESTYLE 

  • 3
    4:3 Fasting Helps Shed More Pounds Than Daily Dieting, Says New Study

    LIFESTYLE 

  • 4
    This Study Says Winter-Conceived Babies May Grow Up Leaner—Here’s Why

    LIFESTYLE 

  • 5
    Harvard Reveals 7 Easy Chair Exercises That Are Surprisingly Powerful for Seniors

    LIFESTYLE 

Popular Now

  • 1
    Spring Is Here, So Why Are You Exhausted and Anxious?

    LIFESTYLE 

  • 2
    Why Cancer Risk Soars After a Type 2 Diabetes Diagnosis—Even Without Obesity

    LIFESTYLE 

  • 3
    Dark Red vs. Bright Red: How to Spot Colon Cancer Early

    LIFESTYLE 

  • 4
    Is 'Bad' Cholesterol Messing with Your Brain? New Study Says Yes

    LIFESTYLE 

  • 5
    New Study Finds Coffee Supercharges Good Gut Bacteria — Even Decaf

    LIFESTYLE 

Share it on...