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See how the rest of the world lives, organized by income | Anna Rosling Rönnlund

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Gini in a Bottle Some Facts on Income Inequality - Page One Economics - St. Louis Fed.pdf

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Lansing EL Consequences of Rising Income Inequality copy.pdf

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Stanford Center on Poverty and Inequality

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The Stanford Center on Poverty and Inequality is committed to providing research, policy analysis, and training on issues of poverty and inequality.

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Economic Inequality is Real, Personal, Expensive, and it was Created. We'll show you how.

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The fact that the United States has become increasingly unequal in terms of income, wages, wealth and opportunity has hit the mainstream and public demands for economic fairness have gone viral.

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1/Alright, so let's talk about wealth redistribution. 

In the past, economists and policymakers talked mostly about income redistribution. But recently, the focus has been shifting to wealth inequality. 

https://t.co/PyzhmDNTEt

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1/Alright, so let's talk about wealth redistribution. 

In the past, economists and policymakers talked mostly about income redistribution. But recently, the focus has been shifting to wealth inequality. 

https://t.co/PyzhmDNTEt

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1/Alright, so let's talk about wealth redistribution.

In the past, economists and policymakers talked mostly about income redistribution. But recently, the focus has been shifting to wealth inequality. https://t.co/PyzhmDNTEt
— Noah Smith 🐇 (@Noahpinion) June 4, 2018

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1/Alright, so let's talk about wealth redistribution. 

In the past, economists and policymakers talked mostly about income redistribution. But recently, the focus has been shifting to wealth inequality. 

https://t.co/PyzhmDNTEt

# data[].attributes.attachment_link.metadata.attachment_props.original_text
1/Alright, so let's talk about wealth redistribution. 

In the past, economists and policymakers talked mostly about income redistribution. But recently, the focus has been shifting to wealth inequality. 

https://t.co/PyzhmDNTEt

# data[].attributes.attachment_link.metadata.attachment_props.text
1/Alright, so let's talk about wealth redistribution. 

In the past, economists and policymakers talked mostly about income redistribution. But recently, the focus has been shifting to wealth inequality. 

https://t.co/PyzhmDNTEt

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How Age Education, and Race Shape Financial Outcomes | St. Louis Fed

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The Demographics of Wealth series explores the connections between a person's level of completed education and measures of his or her family's financial well-being.

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The economy may be chugging along, but many Americans are still struggling to afford a basic middle class life.

Nearly 51 million households don't earn enough to afford a monthly budget that includes housing, food, child care, health care, transportation and a cell phone, according to a study released Thursday by the United Way ALICE Project. That's 43% of households in the United States.

Related: Unemployment is below 4% for the first time since 2000

The figure includes the 16.1 million households living in poverty, as well as the 34.7 million families that the United Way has dubbed ALICE -- Asset Limited, Income Constrained, Employed. This group makes less than what's needed "to survive in the modern economy."

"Despite seemingly positive economic signs, the ALICE data shows that financial hardship is still a pervasive problem," said Stephanie Hoopes, the project's director.

Related: How Joe Biden would fix income inequality in America

California, New Mexico and Hawaii have the largest share of struggling families, at 49% each. North Dakota has the lowest at 32%.

Many of these folks are the nation's child care workers, home health aides, office assistants and store clerks, who work low-paying jobs and have little savings, the study noted. Some 66% of jobs in the US pay less than $20 an hour.

The study also drilled down to the county level.

For instance, in Seattle's King County, the annual household survival budget for a family of four (including one infant and one preschooler) in 2016 was nearly $85,000. This would require an hourly wage of $42.46. But in Washington State, only 14% of jobs pay more than $40 an hour.

Related: Seattle passes a smaller version of the 'Amazon tax'

Seattle's City Council just passed a controversial tax on big businesses to help alleviate the city's growing homelessness and affordable housing problems.

CNNMoney (New York) First published May 17, 2018: 10:44 AM ET

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Almost half of US families can't afford basics like rent and food

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Nearly 51 million households don't earn enough to afford a monthly budget that includes housing, food, child care, health care, transportation and a cell phone, according to a study released Thursday by the United Way ALICE Project. That's 43% of households in the United States.

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Disappointing facts about the black-white wage gap

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We equate wealth with "net worth," the sum total of your assets minus liabilities. Assets can include everything from an owned personal residence and cash in savings accounts to investments in stocks and bonds, real estate, and retirement accounts. Liabilities cover what a household owes: a car loan, credit card balance, student loan, mortgage, or any other bill yet to be paid. In the United States, wealth inequality runs even more pronounced than income inequality.
The Richest Americans Household Wealth The Racial Wealth Divide
The Richest Americans

As ordinary people around the world suffer from the health and economic impacts of the pandemic, billionaires have actually seen their fortunes expand. According to Institute for Policy Studies analysis of Forbes data, the combined wealth of all U.S. billionaires increased by $2.071 trillion (70.3 percent) between March 18, 2020 and Ocobter 15, 2021, from approximately $2.947 trillion to $5.019 trillion. Of the more than 700 U.S. billionaires, the richest five (Jeff Bezos, Bill Gates, Mark Zuckerberg, Larry Page, and Elon Musk) saw an 123 percent increase in their combined wealth during this period, from $349 billion to $779 billion. We will be regularly updating this analysis here.

The most visible indicator of wealth inequality in America today may be the Forbes magazine list of the nation's 400 richest. In 2018, the three men at the top of that list - Amazon founder Jeff Bezos, Microsoft founder Bill Gates, and investor Warren Buffett - held combined fortunes worth more than the total wealth of the poorest half of Americans. You can find more background on these numbers in our report, Billionaire Bonanza 2020

In 1982, the "poorest" American listed on the first annual Forbes magazine list of America's richest 400 had a net worth of $220 million in 2022 dollars. The average member of that first list had a net worth of $670 million. In 2022, rich Americans needed a net worth of at least $2.77 billion to enter the , and the average member held a net worth of over $10 billion, nearly 15 times the 1982 average after adjusting for inflation.

Inequality is skyrocketing even within the Forbes 400 list of America's richest. As of May 2023, the net worth of the richest member of this group was 38 times larger than the net worth of the richest member in 1982 (in today's dollars). , just eight men have held this spot: shipping magnate Daniel Ludwig (1982), oil executive Gordon Getty (1983-1984), Walmart founder Sam Walton (1985-1988), media company owner John Kluge (1989-1991), Microsoft founder Bill Gates (1992-2017, except 1993), investor Warren Buffett (1993), Amazon founder Jeff Bezos (2018-2021), and Tesla CEO Elon Musk (2022).

According to IPS analysis of Saez and Zucman data, as America's richest .01 percent have accumulated more wealth, they have paid a smaller share of total U.S. taxes. In 2018, the tax share of the top .01 percent was close to what it was in 1953. By contrast, their share of the nation's wealth nearly quadrupled during that period, rising from 2.5 percent to 9.6 percent.

Household Wealth

Over the past three decades, America's most affluent families have added to their net worth, while those on the bottom have dipped into "negative wealth," meaning the value of their debts exceeds the value of their assets, according to National Bureau of Economic Research data.

Over the past century, the National Bureau of Economic Research has found that the share of America's wealth held by the nation's wealthiest has changed markedly. That share peaked in the late 1920s, right before the Great Depression, then fell by more than half over the next three decades. But the equalizing trends of the mid 20th century have now been almost completely undone. At the top of the American economic summit, the richest of the nation's rich now hold as large a wealth share as they did in the 1920s.

The rich don't just have more wealth than everyone else. The bulk of their wealth comes from different - and more lucrative - asset sources, as the Federal Reserve's Distributional Financial Accounts data shows. America's top 1 percent, for instance, holds more than half the national wealth invested in stocks and mutual funds. Most of the wealth of Americans in the bottom 90 percent comes from their homes - the asset category that took the biggest hit during the Great Recession. These Americans also hold just around three-quarters of America's debt.

The Racial Wealth Divide

The median Black family, with just over $3,500, owns just 2 percent of the wealth of the nearly $147,000 the median White family owns, according to our " Racial Wealth Divide " report. The median Latino family, with just over $6,500, owns just 4 percent of the wealth of the median White family. Put differently, the median White family has 41 times more wealth than the median Black family and 22 times more wealth than the median Latino family.

Families that have zero or even "negative" wealth (meaning the value of their debts exceeds the value of their assets) live on the edge, just one minor economic setback away from tragedy. Institute for Policy Studies analysis of Federal Reserve data shows that while the racial wealth gap has improved slightly, an estimated 28 percent of Black households and 26 percent of Latinx households had zero or negative wealth in 2019, twice the level of whites.

As with total wealth, home ownership is heavily skewed towards white families, our 2023 report with the National Community Reinvestment, Still a Dream , shows. Between 1960 and 2020, the rate of Black home ownership increased but the gap in ownership rates between Black and white families widened, from 26 percentage points to 30. Structural barriers, including lower incomes, higher rates of mortgage denials, and racial segregation, deny many Black families the opportunity to acquire this wealth-building asset.

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The United States exhibits has more inequality and disparities of wealth between rich and poor than any other major developed nation.

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Where Work Pays: Occupations & Earnings across the United States | The Hamilton Project

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The Hamilton Project seeks to advance America's promise of opportunity, prosperity, and growth.