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Moritz Kuhn, Moritz Schularick, and Ulrike I. Steins. 2020. "Income and Wealth Inequality in America, 1949–2016." Journal of Political Economy. Thomas M. Shapiro (2017). Toxic Inequality: How America's Wealth Gap Destroys Mobility, Deepens the Racial Divide, and Threatens Our Future. Basic Books. ISBN 978-0465046935.
It’s no secret that there’s a large wealth gap in the United States, and it’s been growing larger in recent years.Federal Reserve data show that as of June 2023, the top 1% of U.S ...
To be in America's top 1%, the benchmark for entry is considerably higher—Bankrate puts the average wealth of the top echelon at $33.4 million in 2023. Such levels of wealth would qualify many ...
But what's causing the wealth gap? Andrea Riquier, USA TODAY. Updated December 4, 2024 at 12:33 PM. ... As of 2023, 54% of homeowners had incomes that were higher than their expenses. Just 39% of ...
A December 2011 Gallup poll found a decline in the number of Americans who rated reducing the gap in income and wealth between the rich and the poor as extremely or very important (21 percent of Republicans, 43 percent of independents, and 72 percent of Democrats). [191] Only 45% see the gap as in need of fixing, while 52% do not.
South America: High income 40.6 2022 United States: Northern America: High income 41.3 2022 39.79 2022 39.6 2022 Uzbekistan: Central Asia: Lower middle income 31.2 2022 35.27 2003 Saint Vincent and the Grenadines: Caribbean: Upper middle income 40.00 2008 Venezuela: South America — 44.7 2006 37.80 2014 Vietnam: South-eastern Asia
Median wealth per adult falls 78% lower than average wealth, ranking it third behind the U.S. and South Africa for countries with the biggest gaps. Data is from the 2023 UBS Global Wealth Report ...
In the framework of American federalism, states generally have wide latitude to enact policies within their borders, including state taxation and labor laws.Among the factors that may increase inequality in a state are regressive state tax policies [2] (taxation has played a growing role in diminishing inequality since the 1980s), [3] tax incentives for large companies, [4] corruption, [5 ...