Wealth inequality in the United States
Wealth inequality in the United States, also known as the wealth gap, refers to the unequal distribution of assets among residents of the United States. Wealth inequality in the U.S. is worse than in most developed countries other than Switzerland and Denmark.[1]
Wealth Inequality In The United States Media
CBO Chart, U.S. Holdings of Family Wealth 1989 to 2013. The top 10% of families held 76% of the wealth in 2013, while the bottom 50% of families held 1%. Inequality increased from 1989 to 2013.
Average and median household income by age group
Distribution of household wealth for the Top 1% and Bottom 50% in the U.S. since 1989, from the Federal Reserve (Wealth by wealth percentile group (Shares (%))). Colored regions indicate the presidencies of Bill Clinton, George W. Bush, Barack Obama, and Donald Trump, respectively.
U.S. family pre-tax income and net worth distribution for 2013 and 2016, from the Federal Reserve Survey of Consumer Finances.
The income growth of the typical American family closely matched that of economic productivity until some time in the 1970s. While it began to stagnate, productivity has continued to climb.
Selected economic variables related to wealth and income equality, comparing 1979, 2007, and 2015.
The image contains several charts related to U.S. wealth inequality. While U.S. net worth roughly doubled from 2000 to 2016, the gains went primarily to the wealthy.
U.S. median family net worth peaked in 2007, declined due to the Great Recession until 2013, and only partially recovered by 2016.
In 2021, Jeff Bezos was the richest person in the world.
Trends in share of wealth held by various wealth groups 1989-2019
References
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