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Tag Archives: net worth
On the Obvious: Low and Middle Income Households Hurt by the Great Recession
Sarah Raskin, a Fed Governor, concludes low- and middle-income households were disproportionately affected by the Great Recession: “I will argue that at the start of this recession, an unusually large number of low- and middle-income households were vulnerable to exactly … Continue reading
How Much to be a Rich American
The Wall Street Journal: Baby You’re a Rich Man provides a summary of what it takes to be rich in America, as measured by money metrics. Household Annual Income Top 1%: $524,411 Top 5%: $208,810 Top 10%; $148,688 Top 20%: … Continue reading
Great Recession Devastated Net Worth of Most Americans
The following graphs by University of Chicago’s Amir Sufi succinctly summarize the very adverse effects of the Great Recession on the net worth of Americans, especially for those in the 25th and 50th percentiles. American’s in the 90th net worth percentile … Continue reading
Posted in Economy, Inequality, Poverty, Socio-economic Status, Wealth
Tagged economy, great recession, inequality, net worth, socio-economic status, wealth
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What’s Your Net Worth Percentile?
Where Do You Rank in Wealth? (If you have a household net worth of X … you rank in the Y percentile): $50,000 …. 60th percentile $93,000 … 50th percentile $100,000 … 48th percentile $200,000 … … Continue reading
For the Middle Class a Decade of Decline Erases Two Decades of Gains
The Pew Research Center’s latest report documents a decade of decline for the middle class: The decline in median net worth from $152,950 to 93,150 is one of the most striking findings, erasing two decades of gains. According to the … Continue reading
Net Worth Gap Expands between House Members and Median American Family
According to a Washington Post analysis, Between 1984 and 2009, the median net worth of a member of the House more than doubled, according to the analysis of financial disclosures, from $280,000 to $725,000 in inflation-adjusted 2009 dollars, excluding home … Continue reading
Posted in Economy, Elections, Income Distribution, Inequality, Wealth
Tagged economy, House of Representatives, inequality, net worth, polarization, wealth
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