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
Trends in the distribution of family wealth, 1989 to 2022. Congressional Budget Office.
Average and median household wealth 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.
Trends in share of wealth held by various wealth groups 1989-2019
As COVID-era protection programs expired and a cost-of-living crisis hit the country, homelessness numbers rose, surpassing 2007 Great Recession levels in 2023.
U.S. family pre-tax income and net worth distribution for 2013 and 2016, from the Federal Reserve Survey of Consumer Finances
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.
References
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