Recent Examples of quintile from the Web
Those in the lowest income quintile could lose 49% of their tax gains.
That’s more than 21 times the average income ($13,809) of those in the bottom 20 percent, or quintile (as economists put it).
For Boise, this meant that the average income among households in the top 20 percent soared to almost $182,000 while incomes in the bottom quintile stagnated around $12,000.
Since 1987, the proportion of applicants from the lowest quintile of U.S. households has not exceeded 5.5 percent.
Of the 200 countries with the highest rates of deaths from gun violence and the 100 countries that spend the most per capita on video games, only the United States is in the upper quintile on both metrics.
Source: Tax Policy Center The Tax Policy Center also offers a closer look at the income tax for those in the top quintile, who earn anywhere from $150,000 to $100 million and up.
Nearly two-thirds of the tax cuts Republicans passed in December will go to the top income quintile this year, according to the Tax Policy Center.
That number drops to 4.1% in wealthy communities and soars to 38.3% for Hispanic women in the poorest quintile.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'quintile.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Breaking Down the Meaning of quintile
Many people have a deep interest in statistics about themselves, whether the information provided is about income, ice-cream consumption, or trash production. And any such rating can be divided into fifths, or quintiles. The fifth or lowest quintile would include the 20 percent of the population who make the least money or eat the least ice cream or generate the least trash, and the first quintile would include the 20 percent who make, eat, or generate the most.
Financial Definition of QUINTILE
What It Is
A quintile is one of five equal parts.
How It Works
For example, if we were to look at all of the closing prices for Company XYZ stock for every day in the last year, the top 20% of those prices would represent the upper quintile of the data. The bottom 20% of those prices would represent the lower quintile of the data. There would be three quintiles in between the upper and lower quintiles. The average of all the stock prices typically falls right in the middle, between the second and fourth quintiles.
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