Graphs Of Middle Class And Ritch Pepol Income Diffrence

In that year, middle-income households accounted for 62 of the aggregate income of all U.S. households, about the same as the share of people who lived in middle-class households. By 2022, the middle-class share in overall household income had fallen to 43, less than the share of the population in middle-class households 51.

This chart shows the share of people and aggregate income associated with U.S. income classes in 197071 and 2021 in percent. the share of U.S. aggregate income earned by the middle class

The fourth 20 has three times as much wealth in stocksmutual funds as the middle income quintile. Those in the second and bottom 20 have similar wealth in stocks and mutual funds, with an average of 16,000 in stock wealth per household. 3. Mortgage debt burdens the middle class the most.

Both the similarities and the differences are striking. Everyone devotes a huge chunk of their budget to housing, for example. Poor, middle class and rich families spend similar shares of their

The highest-earning Americans have increased their share of wealth over the past three decades, while the middle class has been losing its share. The top 20 of Americans by income have seen their share of wealth increase the most between 1990 and 2022. In the final quarter of 2022, this group held 71 of the nation's wealth - up from

Rising economic inequality over the past 40 years has redrawn the U.S. wealth and income landscape, shifting many of the gains of prosperity into the hands of a smaller and smaller group of people and marginalizing members of vulnerable communities. This transformation is in turn reducing income mobility and opening gulfs in educational achievement and health outcomes between different levels

In 2020, the median income of upper-income households was 7.3 times that of lower-income households, up from 6.3 in 1970. The median income of upper-income households was 2.4 times that of middle-income households in 2020, up from 2.2 in 1970. The share of aggregate U.S. household income held by the middle class has fallen steadily since 1970.

On the other hand, middle-income families saw their median net worth shrink by 20 and lower-income families experienced a loss of 45. As of 2016, upper-income families had 7.4 times as much wealth as middle-income families and 75 times as much wealth as lower-income families. These ratios are up from 3.4 and 28 in 1983, respectively.

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Between 2019 and 2022, the wealthiest families' wealth dropped from 91 to 71 times middle-class families' wealth. The only other time that wealth inequality had decreased since 1963 was between 1989 and 1995, when the wealthiest families' wealth decreased from 49 to 42 times that of middle-class families.