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The super-rich, according to Beeghley, are those able to live off their wealth without depending on occupation-derived income. This demographic constitutes roughly 1% of American households. Beeghley's definition of the super-rich is congruent with the definition of upper class used by most other sociologists.
According to the book Who Rules America? by William Domhoff, the distribution of wealth in America is the primary highlight of the influence of the upper class. The top 1% of Americans own around 34% of the wealth in the U.S. while the bottom 80% own only approximately 16% of the wealth.
After the Great Recession which started in 2007, the share of total wealth owned by the top 1% of the population grew from 34.6% to 37.1%, and that owned by the top 20% of Americans grew from 85% to 87.7%. The Great Recession also caused a drop of 36.1% in median household wealth but a drop of only 11.1% for the top 1%. [55] [53]
Income inequality contributes to wealth inequality. For example, economist Emmanuel Saez wrote in June 2016 that the top 1% of families captured 52% of the total real income (GDP) growth per family from 2009 to 2015. From 2009 to 2012, the top 1% captured 91% of the income gains. [77] Nepotism perpetuates and increases wealth inequality ...
Nearly half the top 1% by income were also in the top 1% by wealth. [278] In 2010, the wealthiest 5% of households owned approximately 72% of financial wealth, while the bottom 80% of households had 5%. [279] The top 1% controlled 38.6% of the country's wealth in 2016. [280] Much of the wealth gain came to those in the top 1%.
There were 337 women listed on the world's billionaires as of 4 April 2023, up from 327 in 2022. [1] Since 2021, Françoise Bettencourt Meyers has been listed as the world's wealthiest woman. According to a 2021 billionaire census, women make up 11.9% of the billionaire cohort, and "just over half of all female billionaires are heiresses, with ...
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%.
Women are giving birth to their first child at older ages. Women are having fewer children. Most adults live in households headed by married couples; single-mother households are more common than single-father households. Women are more likely than men to be in poverty. More women than men have lived below the poverty line consistently since 1966.