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English: Chart showing household wealth, by percentile, in the United States Data source: Sullivan, Brianna; Hays, Donald; Bennett, Neil. The Wealth of Households: 2021 / Current Population Reports / P70BR-183 2 (Table 1). United States Census Bureau (June 2023). Archived from the original on May 24, 2024.
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. [74]
But the distribution of this huge economic bonanza has been startlingly uneven. While the earnings of the top 1 percent have tripled, the average household income has effectively stagnated.
Baby boomers now hold an unprecedented share of the nation's wealth, with those born during this specific period now officially holding approximately 51.8% of U.S. wealth as of the early 2020s.
English: Chart showing household wealth, by highest educational attainment, in the United States Data source: Sullivan, Brianna; Hays, Donald; Bennett, Neil The Wealth of Households: 2021 / Current Population Reports / P70BR-183 5 (Figure 2). United States Census Bureau (June 2023). Archived from the original on May 24, 2024.
America is one of the 20 richest countries in the world when ranked by average wealth, with an average wealth of about $565,000 per person. This puts the U.S. as No. 4 compared to other wealthy...
Wealth in the United States is commonly measured in terms of net worth, which is the sum of all assets, including the market value of real estate, like a home, minus all liabilities. [20] The United States is the wealthiest country in the world. [21] U.S. Household and non-profit Net Worth 1959 – 2016, nominal and real (2016 dollars).
With personal wealth doubling over the past 12 years, and more wealth concentrated at the top, especially among older baby boomers, the financial cascade in the coming years is expected to accelerate.