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The average wages of those in the top 1 percent of wage earners were $785,968 that year. ... Average wealth of 50th – 90th percentile. $47.55 trillion (30.8 percent) ... Savings interest rates ...
For the billionaire bracket, those with a net worth of between $2.5 billion and $5 billion would pay 6% tax over $32 million, 7% between $5 billion and $10 billion, and 8% on wealth over $10 billion.
The net worth required varies significantly by age group, with older Americans generally having more time to accumulate wealth: • 18-29: $281,550 • 30-39: $711,400
The American upper class can be broken down into two groups: people of substantial means with a history of family wealth going back a century or more (called "old money") and families who have acquired their wealth more recently (e.g. fewer than 100 years), sometimes referred to as "new money".
[2] [3] However, when looked at in relative terms, wealth is highly concentrated: the bottom 50% of Americans only share 2% of total household wealth while the top 1% hold 35% of that wealth. In the United States, as of 2019, the median household income is $60,030 per year and the median household net worth is $97,300, while the mean household ...
The average white family's median net worth was $285,000. Hispanic families had a median net worth of $61,600, and for black families, this figure was $44,900. Although black families had the lowest median net worth of all racial groups, they experienced the greatest percent increase in net worth from 2019 to 2022, at 60 percent.
At the same time, the amount of wealthy held by those age 60 or older increased from 54% in 2020 to 61% in 2023. “High-net-worth households are more likely to be succeeded by the assets at the ...
For those under 35, for instance, unmarried males have a median net worth of $27,620 and unmarried females have a median net worth of $9,390. Yet married couples in this age group have a median ...