Wealth Inequality in the United States 1 download slides at: - - PowerPoint PPT Presentation

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Apr 13, 2023 233 likes •297 views

download slides at: www.inequality.com/slides Wealth Inequality in the United States 1 download slides at: www.inequality.com/slides Wealth Distribution of Wealth Across Wealth Strata This figure shows the share of Americans total

SLIDE 1

Wealth

Inequality in the United States 1

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SLIDE 2

Inequality in the United States 2

Distribution of Wealth Across Wealth Strata

Wealth This figure shows the share of Americans’ total household wealth held by each wealth

group. In 1983 the

wealthiest 20% of Americans held 81% of the wealth. By 2009, they held 87%. Currently, more than 25% of Americans have zero or negative wealth.

Source: Figure from Allegretto, Sylvia. 2011. “The State of Working America’s Wealth, 2011.” Economic Policy Institute Briefing Paper #292. Calculations based on Edward Wolff’s 2010 unpublished analysis of Survey of Consumer Finances and Federal Reserve Flow of Funds. Note: Net Worth/Wealth defined as household assets minus debts. 2009 data based on changes in asset prices between 2007 and 2009 using Federal Reserve Flow of Funds data.

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SLIDE 3

Inequality in the United States 3

Wealth of the Wealthiest 1% Compared to the Wealth

f the Median Household, 1962-2009

This figure shows the ratio of the average wealth of the wealthiest 1% compared to the median American household’s wealth. In 1962, the top 1% had 125 times the wealth of the median household. By 2009 the top 1% had 225 times the median household’s wealth.

Wealth download slides at: www.inequality.com/slides

SLIDE 4

Inequality in the United States 4

Median Net Worth for Blacks and Whites, 1983-2009

37.5 75.0 112.5 150.0 1983 1989 1992 1995 1998 2001 2004 2007 2009

Thousands of 2009 Dollars

White Net Worth Black Net Worth

This figure depicts the differences in net worth between blacks and

whites. Whites have

always had more wealth than blacks, but this gap has grown

ver time. By 2009,

the median white American had $98,000 in net worth while the median black American had just $2,200.

Source: Author’s compilation of data from Edward Wolff’s 2010 unpublished analysis of Survey of Consumer Finances and Federal Reserve Flow of Funds. Note: Net Worth/Wealth defined as household assets minus debts. 2009 data based on changes in asset prices between 2007 and 2009 using Federal Reserve Flow of Funds data.

Wealth download slides at: www.inequality.com/slides

SLIDE 5

Inequality in the United States 5

Median Family Net Worth and Before-Tax Income by Income Percentile, 2007

This figure shows the median amount of wealth and income of families in each income

percentile. In 2007, the

bottom 20% earned about $8,000 and had about $12,000 in

wealth. The top 10%

earned over $200,000 and was worth $1.1

million. Wealth

inequality is far greater than income inequality.

Source: Author’s calculations from Survey of Consumer Finances, Federal Reserve Bulletin. Note: Net Worth/Wealth defined as household assets minus debts.

375 750 1,125 1,500 Less than 20 20–39.9 40–59.9 60–79.9 80–89.9 90–100

Thousands of Dollars Pecentile of Income

2007 Median Family Net Worth 2007 Median Family Before-tax Income

Wealth download slides at: www.inequality.com/slides

SLIDE 6

Inequality in the United States

Contributors

Kendra Bischoff Anmol Chaddha Erin Cumberworth Sharon Jank Carly Knight Bridget Lavelle Krystale Littlejohn Lindsay Owens David Pedulla Kristin Perkins Sharon Jank Ariela Schachter Jordan Segall Chris Wimer Education Debt Mobility Gender Politics Health Race & Ethnicity Wealth Employment Poverty Income Immigration Violent Crime Family

kendrab1@stanford.edu achaddha@fas.harvard.edu ecumberw@stanford.edu sjank@stanford.edu crknight@fas.harvard.edu blavelle@umich.edu klittlej@stanford.edu lowens@stanford.edu dpedulla@princeton.edu kperkins@fas.harvard.edu sjank@stanford.edu arielas1@stanford.edu jsegall@stanford.edu cwimer@stanford.edu

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