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- The U.S. remains richer than its peers. But why? A plausible list of explanations might include: A culture of entrepreneurship and a financial system that supports it, abundant energy, immigration, smaller and more decentralized government, long work hours, flexible labor markets, relatively little regulation, and top research universities.
hbr.org/2017/04/why-the-u-s-is-still-richer-than-every-other-large-country
Mar 28, 2023 · Using Federal Reserve data, the chart visualizes how much Americans of different incomes both own and owe — from real estate and mortgages to retirement account, stocks, and credit card debt. Each bar outside of the top bar represents an income quintile.
Sep 25, 2020 · As a whole, American households have seen their net worth grow 58% from a low of $68 trillion, $577,000 per household, in the first quarter of 2009 to $107 trillion, $881,000 per household, in the second quarter of 2019, based on an inflation-adjusted dataset from the Federal Reserve.
Feb 19, 2024 · The greatest share of their wealth is held in corporate equities and mutual funds, which make up over one-third of their assets. Since 1990, their total share of wealth has grown from from 9% to 14% in 2023—the biggest jump across all wealth brackets.
- Marcus Lu
Sep 13, 2023 · Differencing assets against liabilities, the total net U.S. wealth is $136.8 trillion, 76.7% of the total consolidated asset base of $178.4 trillion. Staggering figures to say the least.
Nov 13, 2023 · The highest-earning 20% of Americans have seen their share of wealth grow over the past three decades, while those who earn less saw their share decline, according to data from the Federal Reserve.
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.
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Dec 4, 2023 · The majority of Black households (55%) were in the lower wealth tier in 2021 – that is, they had less than $41,700 in wealth. A somewhat greater share of Hispanic households (52%) were in the middle or upper wealth tier, and 48% were in the lower wealth tier.
