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Nov 1, 2017 · In 2016, the median wealth of all U.S. households was $97,300, up 16% from 2013 but well below median wealth before the recession began in late 2007 ($139,700 in 2016 dollars). And even though overall racial and ethnic inequality in wealth narrowed from 2013 to 2016, the gap remains large. In 2016, the median wealth of white households was ...
- Trends in U.S. income and wealth inequality - Pew Research Center
The wealth of American families is currently no higher than...
- Wealth inequality has widened along racial, ethnic lines ...
The Great Recession, fueled by the crises in the housing and...
- Trends in U.S. income and wealth inequality - Pew Research Center
- Household Incomes Are Growing Again After A Lengthy Period of Stagnation
- Upper-Income Households Have Seen More Rapid Growth in Income in Recent Decades
- Income Growth Has Been Most Rapid For The Top 5% of Families
- The Richest Are Getting Richer Faster
With periodic interruptions due to business cycle peaks and troughs, the incomes of American households overall have trended up since 1970. In 2018, the median income of U.S. households stood at $74,600.5 This was 49% higher than its level in 1970, when the median income was $50,200.6(Incomes are expressed in 2018 dollars.) But the overall trend ma...
The growth in income in recent decades has tilted to upper-income households. At the same time, the U.S. middle class, which once comprised the clear majority of Americans, is shrinking. Thus, a greater share of the nation’s aggregate income is now going to upper-income households and the share going to middle- and lower-income households is fallin...
Even among higher-income families, the growth in income has favored those at the top. Since 1980, incomes have increased faster for the most affluent families – those in the top 5% – than for families in the income strata below them. This disparity in outcomes is less pronounced in the wake of the Great Recession but shows no signs of reversing. Fr...
The richest families in the U.S. have experienced greater gains in wealth than other families in recent decades, a trend that reinforces the growing concentration of financial resources at the top. The tilt to the top was most acute in the period from 1998 to 2007. In that period, the median net worth of the richest 5% of U.S. families increased fr...
Dec 12, 2014 · The Great Recession, fueled by the crises in the housing and financial markets, was universally hard on the net worth of American families. But even as the economic recovery has begun to mend asset prices, not all households have benefited alike, and wealth inequality has widened along racial and ethnic lines.
Feb 10, 2020 · The median household wealth, in the meantime, had yet to recoup from the nosedive during the Great Recession. In 2016, a typical American family owned 30 less wealth than it did in 2007. The racial wealth gap only widened in the past decades.
Sep 1, 2016 · In the benchmark economy with realistic wealth inequality, aggregating across households, the welfare losses from the great recession were 2.2% of lifetime consumption; in the economy with limited wealth dispersion the losses were only 1.6%.
Jun 15, 2012 · In this paper, we explore the impact of the Great Recession on economic inequality and redistribution in the United States. We analyze many sorts of inequality (in earnings, disposable income, consumption expenditures and wealth) for different sections of the economic distribution. Here we highlight three central findings.
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Sep 13, 2018 · The consequence of substantial wealth losses at the bottom and in the middle of the distribution coupled with wealth gains at the top produced the largest spike in wealth inequality in postwar ...
