Knowledge Tree
Relations (1)
cross_type 2.00 — strongly supporting 3 facts
The U.S. is the specific geographic context for analyzing wealth distribution, as evidenced by the comparative inequality analysis in [1], the 2016 household wealth averages in [2], and the longitudinal trends in assets and debt for U.S. households in [3].
Facts (3)
Sources
Taxes, Government Transfers and Wealth Inequality milkenreview.org 2 facts
measurementIn 2016, the middle fifth of households in the United States averaged $101,000 in wealth, the second fifth averaged $298,000, and the top fifth averaged $3,044,000.
measurementFor U.S. households in the middle fifth of the wealth distribution, assets increased by 71 percent while debt increased by 127 percent between 1983 and 2016.
14.5 Government Policies to Reduce Income Inequality pressbooks-dev.oer.hawaii.edu 1 fact
claimIn the United States, the wealth distribution is more unequal than the income distribution because differences in income can accumulate over time to create larger differences in wealth.