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 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 Calculations based on Edward Wolff’s 2010 unpublished analysis of Survey of Consumer Finances and Federal Reserve Flow of Funds.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. Inequality in the United States 2
download slides at: www.inequality.com/slides Wealth Wealth of the Wealthiest 1% Compared to the Wealth of 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. 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 Calculations based on Edward Wolff’s 2010 unpublished analysis of Survey of Consumer Finances and Federal Reserve Flow of Funds.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. Inequality in the United States 3
download slides at: www.inequality.com/slides Wealth Median Net Worth for Blacks and Whites, 1983-2009 This figure depicts the 150.0 differences in net worth White Net Worth between blacks and Black Net Worth whites. Whites have Thousands of 2009 Dollars always had more 112.5 wealth than blacks, but this gap has grown over time. By 2009, 75.0 the median white American had $98,000 in net worth while the 37.5 median black American had just $2,200. 0 1983 1989 1992 1995 1998 2001 2004 2007 2009 Source: Author’s compilation of data from Edward Wolff’s 2010 unpublished analysis of Survey of Consumer Finances and Federal Reserve Flow of Funds.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. Inequality in the United States 4
download slides at: www.inequality.com/slides Wealth Median Family Net Worth and Before-Tax Income by Income Percentile, 2007 This figure shows the 1,500 median amount of 2007 Median Family Net Worth wealth and income of 2007 Median Family Before-tax Income families in each income 1,125 percentile. In 2007, the Thousands of Dollars bottom 20% earned about $8,000 and had 750 about $12,000 in wealth. The top 10% earned over $200,000 and was worth $1.1 375 million. Wealth inequality is far greater than income inequality. 0 Less than 20 20–39.9 40–59.9 60–79.9 80–89.9 90–100 Pecentile of Income Source: Author’s calculations from Survey of Consumer Finances, Federal Reserve Bulletin. Note: Net Worth/Wealth defined as household assets minus debts. Inequality in the United States 5
Inequality in the United States Contributors Kendra Bischoff Education kendrab1 @ stanford.edu Anmol Chaddha Debt achaddha @ fas.harvard.edu Erin Cumberworth Mobility ecumberw @ stanford.edu Sharon Jank Gender sjank @ stanford.edu Carly Knight Politics crknight @ fas.harvard.edu Bridget Lavelle Health blavelle @ umich.edu Krystale Littlejohn Race & Ethnicity klittlej @ stanford.edu Lindsay Owens Wealth lowens @ stanford.edu David Pedulla Employment dpedulla @ princeton.edu Kristin Perkins Poverty kperkins @ fas.harvard.edu Sharon Jank Income sjank @ stanford.edu Ariela Schachter Immigration arielas1 @ stanford.edu Jordan Segall Violent Crime jsegall @ stanford.edu Chris Wimer Family cwimer @ stanford.edu download slides at: www.inequality.com/slides download slides at: www.inequality.com/slides
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