Income Inequality - Inequality.org
WEBOver the past five decades, the top 1 percent of American earners have nearly doubled their share of national income, according to figures in the World Inequality Database.Meanwhile, the Census Bureau’s “official” poverty rate for all U.S. families has merely inched up and down. In 2011, the Census Bureau began publishing a “supplemental” poverty measure that is more accurate but ...
Global Inequality - Inequality.org
WEBGlobal Wealth Inequality. According to the UBS Global Wealth Report, in 2023 the world’s richest 1 percent, those with more than $1 million, owned 47.5 percent of all the world’s wealth – equivalent to roughly $214 trillion. Adults with less than $10,000 make up nearly 40 percent of the world’s population, but hold less than 1 percent ...
Inequality.org
WEBAug 29, 2024 — is your online portal to data, analysis, and commentary on income and wealth inequality. You'll find on these pages information and insights that can help you better understand our deeply unequal world — and how we can work to change it. Inequality.org comes to you as a project of the Washington, …
Wealth Inequality - Inequality.org
WEBAccording 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 October 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 ...
Would You Recognize a Plutocracy If You Saw One?
WEBAug 23, 2018 — Plutocracy happened next. The American political system came rushing to the rescue of the same elites whose frauds and financial manipulations had greased the skids for the crisis. Earlier this week, a triumphant Wall Street celebrated that rescue, on the day the stock market reached a historic milestone: 3,453 days of bull market, arguably ...
Inequality in America: Far Beyond Extreme - Inequality.org
WEBOct 12, 2020 — The 290 million or so unlucky souls who make up the so-called bottom 90 percent, meanwhile, saw just 13 percent of the nation’s wealth gains between 2006 and 2018, not much over half of what went to the top .01 percent. Our bottom 50 percent actually lost wealth over that 2006-2018 period. Some …
Total U.S. Billionaire Wealth: Up 88 Percent over Four Years
WEBMar 18, 2024 — On that day, the United States had 614 billionaires who owned a combined wealth of $2.947 trillion. Four years later, on March 18, 2024, the country has 737 billionaires with a combined wealth of $5.529 trillion, an 87.6 percent increase of $2.58 trillion, according to Institute for Policy Studies calculations of Forbe s …
The Racial Wealth Gap is Persistent – and Growing
WEBJun 27, 2024 — The wealth gap between Black and white households has not improved in over 50 years; in fact, it has slightly widened. Between 2019 and 2022, according to Federal Reserve data, the real disparity in the racial wealth gap in the U.S. grew by about 23 percent at the median and 16 percent at the mean. …
Who Owns Almost All America’s Land? - Inequality.org
WEBFeb 15, 2016 — White Americans, by comparison, own more than 98 percent of U.S. land amounting to 856 million acres with a total worth of over $1 trillion. CNN founder Ted Turner alone owns over 2 million acres of land according to Forbes magazine. In other words, one person owns nearly a quarter of what all black Americans combined own in rural land.
Racial Economic Inequality - Inequality.org
WEBRacial Income Inequality. In 2021, Fortune 500 CEOs, who earned $18.3 million on average, included just four Black and 17 Latino people — just 4 percent of the total. By contrast, these groups made up 43 percent of the U.S. workers who would benefit from a raise in the federal minimum wage to $15 per hour by 2025, according to Institute for ...