Despite steady economic growth and rising overall household wealth in the United States, significant wealth disparities persist between the top and bottom percentiles.This graphic visualizes the share of total net worth (wealth) held by the bottom 50% of the U.S. from 1989 to 2024.Data comes from the Federal Reserve and is updated as of Dec. 20, 2024.
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33 sats \ 2 replies \ @Undisciplined 23h
I'm a little surprised it's climbed back so much.
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38 sats \ 1 reply \ @0xbitcoiner OP 23h
What surprised me wasn't this rise to ‘normal’ values, it was that the normal value was so low!
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100 sats \ 0 replies \ @Undisciplined 23h
Americans rely heavily on debt for large portions of their lives, so sorting on wealth gives a very skewed picture of economic well-being. The same people, living the same lifestyles, will be at radically different points on this distribution throughout the course of their lives.
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