Private sector workers earnings compared to GDP Private sector workers made approximately $2 trillion, or about 29.6% of all money earned in Q3 2023 (before taxes)
Quarterly GDP not Annualized
Private Sector Workers Total Earnings
Annual median wages W-2
Nominal Wages
Real Wages
Personal income is an individual's total earnings from wages, investment interest, and other sources. The Bureau of Labor Statistics reported a median weekly personal income of $1,037 for full-time workers in the United States in Q1 2022.[1] For the year 2020, the U.S. Census Bureau estimates that the median annual earnings for all workers (aged 15 and over) was $41,535; and more specifically estimates that median annual earnings for those who worked full-time, year round, was $56,287.[2][3]
Income patterns are evident on the basis of age, sex, ethnicity and educational characteristics. In 2005 roughly half of all those with graduate degrees were among the nation's top 15% of income earners. Among different demographics (gender, marital status, ethnicity) for those over the age of 18, median personal income ranged from $3,317 for an unemployed, married Asian American female[4] to $55,935 for a full-time, year-round employed Asian American male.[5] According to the US Census, men tended to have higher income than women, while Asians and Whites earned more than African Americans and Hispanics.
^"USUAL WEEKLY EARNINGS OF WAGE AND SALARY WORKERS 2021" (PDF). Bureau of Labor Statistics. U.S. Department of Labor. Jan 18, 2022.
^"Income and Poverty in the United States: 2020". Census.gov. US Census Bureau. Retrieved 2022-02-02.
^"Table A-6. Earnings Summary Measures by Selected Characteristics: 2019 and 2020". Census.gov (Excel table). 18 September 2021. Retrieved 29 November 2022.
^"US Census Bureau, females, 18 or older, unemployed, personal income, 2005". Archived from the original on 2012-02-05. Retrieved 2006-12-08.
^"US Census Bureau, male, 18 or older, employed full-time year round, 2005". Archived from the original on 2012-02-05. Retrieved 2006-12-08.
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