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Nine Charts about Wealth Inequality in America

Posted by New Leaders Council 4 Admin on February 27, 2015 at 11:43 AM

Take a look at animated graphs from The Urban Institute that paint the picture for the reason behind income inequality. 

Why hasn’t wealth inequality improved over the past 50 years? And why, in particular, has the racial wealth gap not closed? These nine charts illustrate how income inequality, earnings gaps, homeownership rates, retirement savings, student loan debt, and lopsided asset-building subsidies have contributed to these growing wealth disparities.

  1. Wealth Inequality is Growing

Average wealth has increased over the past 50 years, but it has not grown equally for all groups. Between 1963 and 2013,

  • families near the bottom of the wealth distribution (those at the 10th percentile) went from having no wealth on average to being about $2,000 in debt,
  • those in the middle roughly doubled their wealth—mostly between 1963 and 1983,
  • families near the top (at the 90th percentile) saw their wealth quadruple,
  • and the wealth of those at the 99th percentile—in other words, those wealthier than 99 percent of all families—grew sixfold.

Read the full story here: http://datatools.urban.org/Features/wealth-inequality-charts/