Wealth Inequality in America: Top 10% Own Over Two-Thirds of Wealth While Bottom Half Own Just 2.5%
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The top 10% of households own 69% of all wealth in the US, while the bottom 50% own just 2.5%.
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The average net worth for the top 10% is $7.2 million versus $55,000 for the bottom 50%.
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The top 1% own 12 times more wealth than the entire bottom 50%.
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The "middle class" (52 million households between the bottom 50% and top 10%) owns 28.6% of wealth, down from 36% in 1990.
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While the top 10% saw wealth grow 10% since 1990, the middle class shrank as their share of wealth fell.