translated from Spanish: 50% of the country’s workers received incomes less than or equal to $400,000 in 2018

The National Institute of Statistics (INE) published the results of the 2018 Supplementary Income Survey (ESI), implemented between October and December of that year, where it was revealed that the average working income of the occupied population in the country, is $573,964 net per month. The median income – the one received by an individual representing half the population – was $400,000. This implies that 50% of the country’s workers received incomes equal to or less than that amount during 2018. For men, men’s median and middle incomes stood at $652,397 and $411,100 respectively, while for women, these figures reached $474,911 and $343,234, respectively. The gender gap was -27.2% and -16.5 in women’s disarray, in the middle and middle income, respectively. However, the distance was the shortest since 2010. Of the occupied who earn an amount equal to or less than the median income ($400,000), 50.2% were women and 43.5% were informal workers. In income ranges, 17.4% earned between $300,000 and 400,000, 15% between $200,000 and $300,000, 12.8% from $400,000 to $500,000, while 13.3% had incomes greater than $1,000,000 and only 1.7% earned amounts equal to or greater than $3,000,000. In regions, the occupied population of Magellan had the highest middle and middle incomes ($844,511 and $501,805), while Uble was the lowest income, with $414,209 and $300,000 as a median and middle income, respectively. Actual average income (used to set purchasing power at any given time) estimated for total employees increased by 0.6% during 2018 compared to the previous year. This meant a step from $570,623 to $573,964. Real middle income, meanwhile, up 2.4% in 2018.The estimated real median income for households, while falling by 1.7% compared to 2017 and going from $1,146,070 in 2017 to $1,126,921 in 2018, while middle income fell 2.3 percent from $805,812 to $787,000.

Original source in Spanish