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The inequality of wealth (i.e. inequality in the distribution of assets) has substantially increased in the United States in recent decades. [2] Wealth commonly includes the values of any homes, automobiles, personal valuables, businesses, savings, and investments, as well as any associated debts. [3][4]
Affluence refers to an individual's or household's economical and financial advantage in comparison to others. [1] It may be assessed through either income or wealth. In absolute terms, affluence is a relatively widespread phenomenon in the United States, with over 30% of households having an income exceeding $100,000 per year and over 30% of ...
This is a list of median household income in the United States ranked by ethnicity and Native American tribal grouping (as of 2021) according to the United States Census. "Mixed race" (in combination with other races) and multi-ethnic categories are not listed separately. For Per Capita Income (per person income) by Race and Ethnicity go to ...
The Fed's quarterly data on wealth distribution estimates asset holdings and liabilities across racial, educational, age and income groups, and their shares of national totals.
America's economy has exploded since 1989. Gross domestic product, which measures all of the goods and services produced in a year, grew from $9.9 trillion to $22.5 trillion from 1989 to 2023 ...
In 2022, families in America's top 10% held 60% of all wealth, up from 56% in 1989. Families in the top 1% held 23% of the nation's wealth in 1989, which has now grown to 27%.
The Pareto distribution gives 52.8% owned by the upper 1%. According to the OECD in 2012 the top 0.6% of world population (consisting of adults with more than US$1 million in assets) or the 42 million richest people in the world held 39.3% of world wealth. The next 4.4% (311 million people) held 32.3% of world wealth.
Wealth inequality refers to the distribution of net worth (i.e., what is owned minus what is owed) as opposed to annual income. Wealth is affected by movements in the prices of assets, such as stocks, bonds and real estate, which fluctuate over the short-term. Income inequality has significant effects over long-term shifts in wealth inequality.