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According to the 2022 World Inequality Report, "2020 marked the steepest increase in global billionaires' share of wealth on record." [12] As of late 2022, according to Snopes, 735 billionaires collectively possessed more wealth than the bottom half of U.S. households ($4.5 trillion and $4.1 trillion respectively). The top 1% held a total of ...
By that measure, the racial wealth gap widened in 2022. The absolute dollar 2022 median wealth for white families was $285,000, and it was just less than $45,000 for Black families, the Federal ...
The average wealth gap between white families and Black and Hispanic ones reached a new high in 2022, according to a new report by the Urban Institute.
The following median household income data are retrieved from American Community Survey 2021 1-year estimates. In this survey, the nationwide population was 331,893,745 in 2021. [2] The median household income in 2021 across the general population (all races and ethnicities included) was $69,717. [2]
During the pandemic, the real value of Black-held financial assets dropped in 2022 to below its 2019 level and continued to decline steadily, while the real value of Hispanic-held financial assets ...
In the first decade of the twenty-first century, the wage gap has fluctuated in terms of the ratio between black and white wages: 67.7 percent in 2000, 64.0 percent in 2005, 67.5 percent in 2008, and 64.5 percent in 2009. [16] The absolute difference in black and white wages, however, has decreased over this period.
A December 2011 Gallup poll found a decline in the number of Americans who rated reducing the gap in income and wealth between the rich and the poor as extremely or very important (21 percent of Republicans, 43 percent of independents, and 72 percent of Democrats). [191] Only 45% see the gap as in need of fixing, while 52% do not.
In 2022, the median wealth for Black households was approximately $44,890 compared to $285,000 for white households, according to Survey of Consumer Finance data analyzed by Brookings. The ...