File:Wealth inequality panel - v1.png
![File:Wealth inequality panel - v1.png](https://upload.wikimedia.org/wikipedia/commons/thumb/f/f3/Wealth_inequality_panel_-_v1.png/800px-Wealth_inequality_panel_-_v1.png?20161226181934)
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Understanding the image
[edit]The image contains four charts, from upper left hand corner moving clockwise:
- Household and non-profit net worth in the United States roughly doubled from 2000 to 2016.[1]
- The share of wealth owned by the top 1% rose from around 25% in 1979 to 42% by 2012.[2]
- Net worth share is distributed unevenly across groups. The bottom 50% have about 1% of the U.S. net worth; the top 5% have over 60%; the 50th-95th percentile have about 35% of the wealth. Note that this is a very rich source for information; see the slide show available at the bottom of the source page as well.[3]
- In dollar terms, the bottom 50% have an average net worth of $11,000. Most of this is in the 40th to 50th percentile; much of the bottom 40% has zero or negative net worth. What little this group has was hit hard by the Subprime mortgage crisis as lower-income households tended to have little equity in their homes; when housing prices declined, they lost their net worth.[3]
References
[edit]- ↑ FRED Household Net Worth. FRED. Retrieved on December 26, 2016.
- ↑ Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data (with E. Saez). Gabriel Zucman. Retrieved on December 26, 2016.
- ↑ a b Perspectives on Inequality and Opportunity from the Survey of Consumer Finances. Board of Governors of Federal Reserve System. Retrieved on December 26, 2016.
Summary
[edit]DescriptionWealth inequality panel - v1.png |
English: The image contains several charts related to U.S. wealth inequality. While U.S. net worth roughly doubled from 2000 to 2016, the gains went primarily to the wealthy. |
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