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Oct 26, 2020 · The wealth Gini coefficient—a standard measure of inequality—fell between 2016 and 2019, reversing a rising trend that has persisted since 1992. Although wealth remains highly concentrated at the top, the data shows an improvement among lower shares of the wealth distribution.
- Among lower- and middle-income households, white families have four times as much wealth as black families and three times as much as Hispanic families.
- Lower-income white families experienced greater losses in wealth during the recession than lower-income black and Hispanic families did. Prior to the recession in 2007, lower-income white families had 10 times as much median wealth as lower-income black families – $42,700 versus $4,300 (figures in 2016 dollars).
- The share of lower-income white households that have no wealth or are in debt was higher in 2016 than in 2007, but the opposite is true among lower-income black and Hispanic households.
- Racial and ethnic wealth inequality among middle-income families increased with the recession and has not retreated in the recovery. Middle-income black and Hispanic families took a substantial hit in the recession.
Dec 2, 2020 · On average, families across the wealth distribution accumulated more wealth between 2016 and 2019. In 2016, total U.S. household wealth amounted to $92.4 trillion in 2019-adjusted dollars. The 2016 population was about 126 million families.
Sep 10, 2019 · From 2010 to 2016, only the lowest 20 percent of the income range saw their wealth decline. For every other percentile, wealth rose, with the increases ranging from 12% to 24%.
Oct 8, 2021 · The U.S. trade deficit in goods and services in 2020 was the highest since 2008 and increased 36.3% from 2016. The number of people lacking health insurance rose by 3 million. The federal debt...
Jan 9, 2020 · The greatest loss – 39% – was experienced by the families in the second quintile of wealth, whose wealth fell from $32,100 in 2007 to $19,500 in 2016. As a result, the wealth gap between America’s richest and poorer families more than doubled from 1989 to 2016.
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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.
