The wealthy class in the United States has experienced significant gains in their fortune, dwarfing the cumulative household wealth of the lower class. The U.S. household wealth refers to the value of homes, bank accounts, stocks, bonds, and other assets without mortgage debt, auto loans, credit card debt, and other forms of borrowing.
Data acquired and calculated by Finbold indicates that 10% of the United States upper class account for 69.2% of the country’s total household wealth as of Q4 2020. The country’s top 1% richest controls a fortune of $38.91 trillion, translating to 31.4% of the entire household wealth. Another 9% of the rich account for 38.2% of the household wealth at $46.99 trillion. The wealth distribution inequality is exhibited by the bottom 50% class that controls $2.49 trillion of household wealth or just 2%.
Elsewhere, a comparison of household wealth distribution between Q4 1990 and Q4 2020 shows a staggering difference between the upper and lower classes. During the period, the
— source finbold.com | Justinas
Baltrusaitis | 2021