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Median wealth is the amount that divides the population into two equal groups: half the adults have wealth above the median, and the other half below. In nations where wealth is highly concentrated in a small percentage of people, the mean can be much higher than the median (e.g. the United States ).

Despite the median net worth of all households in the United States decreasing with time, as of 2013, white households had a median net worth of $141,900 while black house households had a median net worth of just $11,000. Hispanic households had a median net worth of just $13,700 over that time as well. Effect on democracy

Overall, 86.01% of all households in the top two quintiles with upper-middle range incomes of over $55,332 were headed by someone identifying as White alone, while 7.21% were being headed by someone who identified as Hispanic and 7.37% by someone who identified as African American or Black.

Personal income is an individual's total earnings from wages, investment interest, and other sources. The Bureau of Labor Statistics reported a median weekly personal income of $1,037 for full-time workers in Q1 2022. The U.S. Census Bureau estimated median annual earnings at $41,535 in 2020 for workers aged 15 and over with earnings and ...