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During his Senate tenure, Joe Biden was consistently ranked among the least wealthy members, which he attributed to being elected at a young age. In November 2009, Biden's net worth was only $27,012, but it had increased to $9 million by November 2020, largely due to book sales and speaking fees after his vice presidency.
In 2016, average market income was $15,600 for the lowest quintile and $280,300 for the highest quintile. The degree of inequality accelerated within the top quintile, with the top 1% at $1.8 million, approximately 30 times the $59,300 income of the middle quintile.
The gender pay gap in the United States is a measure comparing the earnings of men and women in the workforce. The average female annual earnings is around 80% of the average male's. When variables such as hours worked, occupations chosen, and education and job experience are controlled for, the gap diminishes with females earning 95% as much ...
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