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Substantially increased
- The inequality of wealth (i.e. inequality in the distribution of assets) has substantially increased in the United States in recent decades.
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Dec 2, 2020 · As a group, Black families owned 3% of total household wealth—an amount unchanged from 2016—despite making up 15% of households. White families, on the other hand, owned 85% of total household wealth—down slightly from 87% in 2016—but made up 66% of households.
Feb 7, 2024 · Black, Hispanic, and high school grad families have seen wealth gains starting in 2016 and continuing through 2022, but wide gaps with higher wealth groups remain.
Jan 9, 2020 · The wealth gap among upper-income families and middle- and lower-income families is sharper than the income gap and is growing more rapidly. The period from 1983 to 2001 was relatively prosperous for families in all income tiers, but one of rising inequality.
Aug 14, 2019 · Wealth inequality in America has grown tremendously from 1989 to 2016, to the point where the top 10% of families ranked by household wealth (with at least $1.2 million in net worth) own 77% of the wealth “pie.”
Apr 20, 2022 · Income and wealth inequality is higher in the United States than in almost any other developed country, and it is rising. There are large wealth and income gaps across racial groups,...
- Anshu Siripurapu
Dec 5, 2013 · More than half (61%) of Americans said the U.S. economic system favors the wealthy, while just 35% said it’s fair to most people, according to a Pew Research Center survey conducted in March.
The top 20% of Americans owned 86% of the country's wealth and the bottom 80% of the population owned 14%. In 2011, financial inequality was greater than inequality in total wealth, with the top 1% of the population owning 43%, the next 19% of Americans owning 50%, and the bottom 80% owning 7%.
