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The average wealth of households in the top 1 percent was about $33.4 million. In the top 0.1 percent, the average household had wealth of more than $1.52 billion.
The top 1% of Americans have around $11 million in net worth at a minimum, according to Forbes. Some of these high-net-worth individuals acquired their wealth through inheritance, while others have...
However, the reality of entering the top 1% of American wealth is far more attainable than the headlines might suggest. According to the latest findings from the 18th edition of the Wealth Report ...
We are the 99%. We are the 99% is a political slogan widely used and coined during the 2011 Occupy movement. The phrase directly refers to the income and wealth inequality in the United States, with a concentration of wealth among the top-earning 1%. It reflects the understanding that "the 99%" are paying the price for the mistakes of a tiny ...
After the Great Recession which started in 2007, the share of total wealth owned by the top 1% of the population grew from 34.6% to 37.1%, and that owned by the top 20% of Americans grew from 85% to 87.7%. The Great Recession also caused a drop of 36.1% in median household wealth but a drop of only 11.1% for the top 1%. [55] [53]
The logarithmic scale shows how wealth has increased for all percentile groups, though moreso for wealthier people. [1] The American upper class is a social group within the United States consisting of people who have the highest social rank, due to economic wealth, lineage, and typically educational attainment. [2][3] The American upper class ...