Tuesday, January 6, 2015

The Wealth Gap in America

A new Pew Research Center analysis of wealth finds the gap between America's upper-income and middle-income families has reached its highest level on record. In 2013, the median wealth of the nation's upper-income families ($639,400) was nearly seven times the median wealth of middle-income families ($96,500), the widest wealth gap seen in 30 years when the Federal Reserve began collecting these data.

In addition, America's upper-income families have a median net worth that is nearly 70 times that of the country's lower-income families, also the widest wealth gap between these families in 30 years.

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