#wealthinequality #wealthgap #wealthdistribution
"Wealth" is what a family owns, minus what they owe. Here is how $96.1 trillion in total American family wealth was distributed among the U.S. population of 129 million families.
–To be in the top 10%, a family needed $1.22 million or more. Together, these roughly 12.9 million wealthy families owned 76% of total household wealth in 2019.
–To be in the middle 40%, a family needed at least $122,000 in wealth. Together, these approximately 51.5 million families owned 22% of U.S. wealth in 2019.
–To be in the bottom 50% meant a family had less than $122,000 in wealth. That represented about 64.3 million, or half of, families in 2019, owning just 1% of the nation’s wealth. Further, of this group, some 13.4 million families (about 1 inView more