What was the wealth distribution in the United States in 1989?

Description: This figure shows the distribution of total U.S. wealth in 1989 and 2016, with the shares of the top 10\%, middle 50\%-90\% and bottom 50\% of families ordered by household wealth. In 1989, these shares were 67\%, 30\% and 3\%, respectively. In 2016, the shares were 77\%, 22\% and 1\%, respectively.

How has wealth inequality in America changed since 1989?

The 1989 population was approximately 93 million families, while the 2016 population was approximately 126 million families. Wealth inequality in America has grown tremendously from 1989 to 2016, to the point where the top 10\% of families ranked by household wealth (with at least $1.2 million in net worth) own 77\% of the wealth “pie.”

What is the wealth gap between white and black families?

White families accumulate more wealth over their lives than black or Hispanic families do, widening the wealth gap at older ages. In their 30s, whites have an average of $147,000 more in wealth than blacks (three times as much). By their 60s, whites have over $1.1 million more in average wealth than blacks (seven times as much).

How many Americans are in the bottom 50\% of household wealth?

If we rank everyone according to their family net worth and add up the wealth of the bottom 50\%, which includes roughly 63 million families, that sum is only 1\% of the total household wealth of the United States. These are not the same families being compared over time.

What are six facts about wealth in the United States?

Six facts about wealth in the United States 1. There’s a lot of wealth out there 2. there’s also a lot of debt–and much of it is in our homes 3. wealth inequality is high and rising 4. only the top 20 percent has recovered since the great recession 5. Americans’ liquidity could improve

How can we use wealth at the top to help the poor?

Another example of how this wealth at the top could be used is for a broad-based tax cut. That $2.5 trillion over ten years, divided equally, would give every American family a tax break of around $1,400 annually over a decade.