My mind is sometimes boggled by the millions, billions and trillions we hear about in various news stories, so I thought it might be worth putting the figures in some perspective with our wealth and income distribution. I suspect I’ll be adding data points to this one for a while!

Household Income

Total Household Income, excluding capital gains, 2006 Total

$7,365,333 million, or

$7.365 trillion

income rangeshare of income

Bottom 90% 0 to $100,626 55.70%

Next 9% $100,626 to $332,856 27.04%

Top 1% over $332,856 18.24%

Data Source: Piketty & Saez, 2006 spreadsheet, Tables A1 and A4

Total Household Income, includingcapital gains, 2006 Total $8,056,298 million, or $8.056 trillion (Capital Gains = $690,965 million or $691 billion

Bottom 90% 0 to $104,696 50.34%

Next 9% $104,696 to $382,593 26.79%

Top 1% over $382,593 22.90%

Data Source: Piketty & Saez, 2006 spreadsheet, Tables A0, A3 and A6

Household Wealth

Aggregate Net Worth, 2007 $64,597.9 billion share of Net Worth quantile dollars (billions)

2.5% to bottom 50% $1,611.9

26.0% to next 40% 16,795.1

28.5% to bottom 90% 18,407.0 11.1%

to next 5% 7,157.4

26.6%

to next 4% 17,169.3

37.7%to second 9% 24,326.7 33.8%

to top 1% 21,864.3

Data Source: 2007 SCF

Gross Domestic Product: $14,264.6 billion, or $14.26 trillion http://www.bea.gov/national/ as of 4Q08