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This difference comprises the largest reason for the continuation of wealth inequality in America: the rich are accumulating more assets while the middle and working classes are just getting by. As of 2007, the richest 1% held about 38% of all privately held wealth in the United States. [14] While the bottom 90% held 73.2% of all debt. [72]
In addition, wealth is unevenly distributed, with the wealthiest 25% of US households owning 87% [22] of the wealth in the United States, which was $54.2 trillion in 2009. [23] [24] U.S. household and non-profit organization net worth rose from $44.2 trillion in Q1 2000 to a pre-recession peak of $67.7 trillion in Q3 2007.
The wealth analysis draws from the 2022 Survey of Consumer Finance, which found that household wealth in America swelled at a record pace during the pandemic. From 2019 to 2022, the median net ...
The first necessary condition for the phenomenon of wealth concentration to occur is an unequal initial distribution of wealth. The distribution of wealth throughout the population is often closely approximated by a Pareto distribution, with tails which decay as a power-law in wealth. (See also: Distribution of wealth and Economic inequality).
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 ...
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.
World distribution of wealth, GDP, and population by region in the year 2000. World distribution of wealth is the distribution of how wealth is distributed around the world. . The guideline for categorizing the data is to organize it based on the continent on which the people with wealth res
The United States is generally considered a wealthy country by many people in the world. But the country's unequal wealth distribution is overlooked by those just considering the national wealth...