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The One Percent is a 2006 documentary about the growing wealth gap between the wealthy elite compared to the overall citizenry in the United States. It was created by Jamie Johnson, an heir to the Johnson & Johnson fortune, and produced by Jamie Johnson and Nick Kurzon. The film's title refers to the top one percent of Americans in terms of ...
The average white family's median net worth was $285,000. Hispanic families had a median net worth of $61,600, and for black families, this figure was $44,900. Although black families had the lowest median net worth of all racial groups, they experienced the greatest percent increase in net worth from 2019 to 2022, at 60 percent.
However, the inequality when measured in distributions of household wealth is high, where the top 1% owns 24% of all net wealth, and the top 10% own 60%. Moreover, rather large wealth disparities persist in the Netherlands in relation to age, where those under 35 years-of-age own 10% as much as older workers.
The combined net worth of the 2020 class of the 400 richest Americans was $3.2 trillion, up from $2.7 trillion in 2017. [1] As of March 2023, there were 735 billionaires in the United States. [ 2 ]
According to the Economic Policy Institute, as of 2019, the average wage of the top 1% was $758,434. [1] However, the 1% is not necessarily a reference to top 1% of wage earners, but a reference to the top 1% of individuals by net worth, whose earned wages are only a fraction of their total sources of wealth. [2]
The two charts on the right show the average net worth of individuals in the top 1%, top 10%, 50th to 90th percentile, and bottom half of the population from 1962 to 2021. Education [ edit ]
Twelve "percent of the population will find themselves in the top 1 percent of the income distribution for at least one year" but a "mere 0.6 percent will do so in 10 consecutive years"... 39 percent of Americans will spend a year in the top 5 percent of the income distribution, 56 percent will find themselves in the top 10 percent, and a ...
According to a 2007 estimate, 80 percent of upper-class blacks own their own homes. [33] This is compared to 66 percent of all Americans earning more than $50,000 and 52 percent of those who earn between $30,000 and $49,999 in income. [33]