Tuesday, September 11

The bottom 90 percent of U.S. households hold just 23.4 percent of all wealth (and other stories)

The State of Working America is an ongoing analysis by the Economic Policy Institute, and includes a wide variety of data on income, unemployment, wealth, and poverty. Here are a few key recent statistics:

  • In 2000, median family income was $66,259. In 2010, it was 6 percent lower ($62,301), constituting a “lost decade” for income growth. African American and Hispanic families had substantially lower incomes.
  • Incomes for middle-class households and families are not likely to reach their 2000 levels until 2018.
  • In 1962, the wealthiest 1 percent had 125 times the wealth of a median household. In 2010, the ratio was 288-to-1.
  • In 2010, the top 1 percent of households received 17.2 percent of all income in the economy, in addition to holding 35.4 percent of all wealth.
  • In 2010, the bottom 90 percent received only 55.5 percent of all income and held just 23.3 percent of all wealth.

At the State of Working America website, you can find more statistics on incomewealth, poverty and upward mobility, along with a host of additional information.

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