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In absolute terms, affluence is a relatively widespread phenomenon in the United States, with over 30% of households having an income exceeding $100,000 per year and over 30% of households having a net worth exceeding $250,000, as of 2019.
Dr. Ed Yardeni, one of today's leading economists, estimates that baby boomers -- those aged 59 to 77 -- have a cumulative net worth of nearly $75 trillion. This wealth includes such assets as ...
The combined net worth of the 2020 class of the 400 richest Americans was $3.2 trillion, up from $2.7 trillion in 2017. [1] As of March 2023, there were 735 billionaires in the United States. [ 2 ]
The top 400 Americans had net worth of $2 trillion in 2013, more than the bottom 50%. Their average net worth was $5 billion. [276] The lower 50% of households held 3% of the wealth in 1989 and 1% in 2013. Their average net worth in 2013 was approximately $11,000. [277]
The tax was expected to raise around $2.75 trillion over 10 years, roughly 1% GDP on average per year. This was expected to raise the total tax burden for those subject to the wealth tax from 3.2% relative to their wealth under current law to about 4.3% on average, versus the 7.2% for the bottom 99% families. [ 111 ]
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In 2017, there was a record of 2,043 people on the list, which is the first time over 2,000 people were listed. This included 195 newcomers of whom 76 were from China and 25 from the U.S.; there were 56 people under 40 and it had a record of 227 women. [18]
Explore More: How Much Is President Joe Biden Worth As He Seeks Re-Election? Check Out: How Rich Is Former President Donald Trump? As American citizens over the age of 70, the Bidens are entitled ...