If Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Have?

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

If Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Have?

According to the Federal Reserve, U.S. households hold $160.35 trillion in combined wealth, which is the value of every American’s

This is the hidden content, please

• Sign In
• or
• Sign Up

.

Find Out:

This is the hidden content, please

• Sign In
• or
• Sign Up

Try This:

This is the hidden content, please

• Sign In
• or
• Sign Up

Advertisement: High Yield Savings Offers

Powered by Money.com – Yahoo may earn commission from the links above.

To say it’s distributed unevenly is too much of an understatement to even qualify as an understatement. The bottom 50% of the country shares less than 3% of that enormous pie, while the most fortunate 10% gorge on nearly all of it.

Here’s a look at how much money each American would have if every person got an equal slice of the country’s wealth.

Next, find out

This is the hidden content, please

• Sign In
• or
• Sign Up

.

According to

This is the hidden content, please

• Sign In
• or
• Sign Up

’s Data Commons project, the U.S. is home to roughly 340.11 million people.

If they

This is the hidden content, please

• Sign In
• or
• Sign Up

the country’s $160.35 trillion jackpot equally, each would have about $471,465. That’s $942,930 per couple. If a couple had two kids, the four of them would be sitting pretty with $1.89 million.

To most in the lower 50%, that probably sounds like a pretty sweet deal. To many in the monied class in the top half, however, a net worth of less than a half-million dollars might as well be a stint in the poorhouse.

Learn More:

This is the hidden content, please

• Sign In
• or
• Sign Up

Nearly one dollar in three is in the pockets of the top 1%, which owns $49.46 trillion, or 30.8% of America’s combined wealth — but even the 1% has

This is the hidden content, please

• Sign In
• or
• Sign Up

and an underclass.

The heavyweights at the tippy-top of the pyramid in the top 0.1% — about 340,000 people — own $22.14 trillion, or 13.8% of America’s bounty. That leaves the commoners of the 1% — the 99%-99.9% percentile group — to share $27.32 trillion, or 17% of America’s fortune.

Under that are those in the 90%-99% percentile group, who control $58.34 trillion, or 36.4% of the pie. Combined with the 1%, that puts almost exactly two-thirds of America’s wealth in the bank accounts of the top 10%.

Nearly all of the remaining third of America’s wealth — 30.3%, or $48.54 trillion — goes to those in the 50%-90% percentile groups.

That leaves just 2.5%, or $4.01 trillion, for the entire bottom 50% of the country to split. If they split it evenly,

This is the hidden content, please

• Sign In
• or
• Sign Up

, that would give each of those 170 million people $23,588.

For context, the 340,000 movers and shakers in the top 0.1% get about $65.12 million each — 2,760 times more.

This is the hidden content, please

• Sign In
• or
• Sign Up

#Wealth #Evenly #Distributed #America #Money #Person

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up

For verified travel tips and real support, visit: https://hopzone.eu/