Wealth is the measure of an individual’s wealth.
Wealth is an economic indicator of the relative ability to generate income.
It is calculated using a percentage of the total wealth of the society.
The average wealth of Americans is around $100,000.
The United States is the richest country in the world and is also one of the most unequal societies.
Top 5 countries with the highest wealth inequality in AmericaThe United States has the highest inequality of wealth among developed countries.
It has the most inequality of incomes among developed nations.
What is wealth inequality?
According to the United Nations, the gap between the richest and poorest people in the United States: The richest 1 percent of households owns 30.4 percent of the nation’s wealth, while the poorest 50 percent of families own a little over 6 percent.
In 2014, the top 1 percent owned more than 60 percent of total wealth.
The poorest 50 and one-fifth of families owned only 1 percent or less.
The United Nations defines wealth as “the total value of the wealth of a given person and the assets in the person’s hands at the time of their death.”
According to the Center for the Study of Income and Wealth at the University of Pennsylvania, wealth inequality has widened in the past five decades.
The top 1% now controls more than half of all the wealth in the country, and the top 10% own more than 50 percent.
The Center for Economic and Policy Research estimates that the wealth gap has widened by 10.5 percent over the past 25 years.
This year, the richest 1% has made up more than 80 percent of wealth, and for the richest 10% of families, it has increased by nearly 20 percent.
How is wealth wealth created?
According to a 2010 study by the National Bureau of Economic Research, the average wealth for a household in the U.S. was $6,857 in 2014.
This figure excludes the value of retirement assets, such as 401(k) accounts and stock portfolios, as well as property and other real estate assets.
Wealth created is the amount that an individual owns and invests in their own business.
Wealth inequality is when the gap in wealth between the wealthiest and poorest families in a given country is greater than the gap that exists for the same group in the same country.
The median household income in the US was $51,832 in 2014, which was less than half the median household wealth of $78,843.
This means that in 2014 a family with one income earned $9,092 more than a family that had two incomes.
Bottom 5 countries that have the highest average wealth inequalityIn the United Kingdom, the wealthiest 10 percent owned 42.4% of the UK’s wealth in 2014 and the poorest 10 percent controlled only 6.9%.
In the Netherlands, the median wealth for families with two incomes was $45,636 and the median for families that had one income was $22,865.
In France, the wealth inequality was 10.8 percent in 2014 with the richest 20 percent owning 35.3 percent of all wealth and the poorer 20 percent controlling 12.8%.
The average income for the poorest 20 percent was $8,946.
Source: The Wealth of the World 2017, by Robert Peston and Emmanuelle Chassid, OECD, 2017.
The number in parentheses indicates the percentage change since last year.
The percentage change indicates the rate of increase.
Image: Reuters/Dylan Martinez