{"id":4963,"date":"2024-02-21T09:43:17","date_gmt":"2024-02-21T07:43:17","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=4963"},"modified":"2024-02-21T09:43:17","modified_gmt":"2024-02-21T07:43:17","slug":"america-rich-america-poor","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=4963","title":{"rendered":"America rich, America poor"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">Wealth distribution in the US has become increasingly concentrated since 1990. Today, the wealth share owned by the top 0.1% is at its peak, with households at the highest tier having a net worth of at least $38 million. Approximately 131,000 households fall into this narrow circle of limited individuals.<\/p>\n<p>Possessing a combined wealth of $20 trillion, the top 0.1% wealthiest individuals earn an average of $3.3 million per year.<\/p>\n<p>The largest share of their wealth is concentrated in stocks and funds, accounting for over a third of their assets. Since 1990, their total share of wealth has grown from 9% to 14% in 2023 \u2014 the largest increase across all wealth categories.<\/p>\n<p>In fact, the wealthiest 0.1% and 1% were the only two categories whose share increased since 1990.<\/p>\n<p>With an average wealth of $51,000, the bottom 50% holds the smallest share, accounting for 3% of wealth distribution in America.<\/p>\n<p>Overall, the top 10% wealthiest individuals own a larger fortune than the combined 90% poorest, with a total wealth of $95 trillion.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Wealth distribution in the US has become increasingly concentrated since 1990. Today, the wealth share owned by the top 0.1% is at its peak, with households at the highest tier having a net worth of at least $38 million. Approximately 131,000 households fall into this narrow circle of limited individuals. Possessing a combined wealth of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4963"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/4964"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}