Friday, October 3, 2014

Wealth is still decreasing for most Americans

Here is a graph of changes in wealth for the medium family and those at the top of the income and wealth distribution. Changes in wealth mirror those in income.  Those at the top have more than recovered since the great recession; the majority of Americans have not.



 http://blogs.berkeley.edu/wp-content/uploads/2014/10/BB2014.png



One Step Up & Two Steps Back « The Berkeley Blog
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3 comments:

  1. Lan NguyenOctober 4, 2014 at 8:00 PM

    As the common saying: the rich gets richer, the poor gets poorer, there is no surprised that 6 Waltons on the Forbes 400 take into their pockets 51% American wealth. It is unbelievable to see the extremely high inequality when 6 people rebound half of a nation' wealth and the majority of median family rebound a negative wealth gain. Inequality is a big problem, it just got worse after each year and there is not much to be done to narrow this social and income gap.

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  2. Philip MulderOctober 5, 2014 at 9:15 AM

    That the Waltons still had some nice wealth growth from 2007-2010 is a good sign of Walmart's recession-proof status, seller of many inferior goods. Or are the Waltons completely cashed out of Walmart?

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  3. Clay WeissenbornOctober 5, 2014 at 12:49 PM

    This is pretty eye opening. It is rather unfortunate that the wealth gap keeps growing like this. What's even more unfortunate is, like Lan said, it is really hard to do anything about this. Those at the top of the economic food chain have a lot of influence and power in politics, making it very hard to change income distribution.

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