America’s wealth gap between middle-income and upper-income families is widest on record
The gap between America’s upper-income and middle-income families has reached its highest level on record. In 2013, the median wealth of the nation’s upper-income families ($639,400) was nearly seven times the median wealth of middle-income families ($96,500).
Wealth inequality has widened along racial, ethnic lines since end of Great Recession
The median wealth of white households was 13 times the wealth of black households and 10 times that of Hispanic households in 2013, compared with eight and nine times, respectively, in 2010.
The nation’s wealth recovers, but largely for those at the top
The nation’s aggregate wealth continues to show signs of recovery, but that wealth recovery has been concentrated on the wealthiest Americans. Meanwhile, the aggregate net worth for America’s economic middle is actually declining.
Generational equity and the ‘Next America’
A few critics have portrayed our report as an effort to foment a “generational war” over Social Security and Medicare. Let me respond.
Despite recovery, fewer Americans identify as middle class
Today about as many Americans identify themselves as lower or lower-middle class (40%) as say they are in the middle class (44%).
The many ways to measure economic inequality
From President Obama down to local minimum-wage ordinances, issues of economic inequality have been pushing their way back into the national conversation — particularly among Democrats. In a Bloomberg survey earlier this month, 71% of Democrats said the government should work to narrow the gap between rich and poor, while 68% of Republicans said the government should […]
Household wealth has yet to recover
Until the housing market and home equity levels fully recover, the typical American household still has a ways to go.
Black incomes are up, but wealth isn’t
Although household-income growth for African-Americans has outpaced that of whites since the 1960s, those gains haven’t led to any narrowing of the wealth gap between the races.
Are blacks as financially well off as whites? Depends on whom you ask
Despite large and persistent gaps between blacks and whites on virtually every indicator of economic well-being, about half of all whites say the average black person is about as well off financially or doing better than the average white person, according to a survey released last week by the Pew Research Center.
Chart of the Week: Keeping track of the world’s richest people
If you’ve ever woken up wondering “Is Bill Gates or Carlos Slim the world’s richest person today?”, Bloomberg’s new visualization of data on the 100 richest billionaires is for you.