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Families in the bottom half of the distribution held 6% of all wealth in both 1989 and 2022. Life in the top 10% Families whose wealth exceeds $2.9 million find themselves in the top 10% of wealth ...
The first necessary condition for the phenomenon of wealth concentration to occur is an unequal initial distribution of wealth. The distribution of wealth throughout the population is often closely approximated by a Pareto distribution, with tails which decay as a power-law in wealth. (See also: Distribution of wealth and Economic inequality).
America's economy has exploded since 1989. Gross domestic product, which measures all of the goods and services produced in a year, grew from $9.9 trillion to $22.5 trillion from 1989 to 2023 ...
Wealth Distribution: Who's Got What Wealth in the U.S. is not spread evenly. The top 10% of households control a big chunk of the country's total wealth, with an average of around $6.7 million per ...
The inequality of wealth (i.e. inequality in the distribution of assets) has substantially increased in the United States since the late 1980s. [2] Wealth commonly includes the values of any homes, automobiles, personal valuables, businesses, savings, and investments, as well as any associated debts. [3] [4]
The Wealth Gini coefficients from 2008 are based on a working paper published by the National Bureau of Economic Research. [5] The Wealth Gini numbers for 2018, 2019, and 2021 come from the Global Wealth Databook by Credit Suisse. [6] [7] [8] * indicates "Wealth inequality in COUNTRY or TERRITORY" or "Income inequality in COUNTRY or TERRITORY ...
Average wealth of bottom 50 percent. $3.82 trillion (2.5 percent) $58,149. Average wealth of 50th – 90th percentile. $47.55 trillion (30.8 percent) $903,799. Average wealth of 90th – 99th ...
Books about wealth distribution (1 C, 21 P) E. Economic inequality (10 C, 70 P) I. Income distribution (4 C, 36 P) P. Poverty (14 C, 56 P) W. Wealth concentration (15 P)