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Understanding the image
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
- ↑ 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
| Description |
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. |
| Date | |
| Source |
Own work, based on
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| Author | Farcaster |
Licensing
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This chart is ineligible for copyright and therefore in the public domain, because it consists entirely of information that is common property and contains no original authorship. For more information, see Commons:Threshold of originality § Charts
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File history
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 18:19, 26 December 2016 | | 1,427 × 783 (273 KB) | Farcaster | User created page with UploadWizard |
File usage
The following 3 pages use this file:
