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America's wealth gap between middle-income and upper-income families is widest on recor... - 32 views

www.pewresearch.org/...wealth-gap-upper-middle-income

Snow7 income Jacob

shared by hcps-jacobpj on 01 Feb 15 - No Cached
  • 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.
  • The wealth gap between America’s high income group and everyone else has reached record high levels since the economic recovery from the Great Recession of 2007-09
  • hcps-achantas on 01 Feb 15
     
    This article talks about the wealth gap in America between middle and upper income families. Something really important that is stated in this article is that America's upper -income families have a median net worth that is nearly 70 times that of the country's lower-income families, which is the widest wealth gap between these families in 30 years. The wealth gap between upper and middle income families has increased, the wealth ratio being 6.6. 
  • ...3 more comments...
  • hcps-mccollele on 01 Feb 15
     
    "The tabulations from the Fed's data indicate that the upper-income families have begun to regain some of the wealth they lost during the Great Recession, while middle-income families haven't seen any gains. The median wealth among upper-income families increased from $595,300 in 2010 to $639,400 in 2013 (all dollar amounts in 2013 dollars). The typical wealth of middle-income families was basically unchanged in 2013 - it remained at about $96,500 over the same period." The gap between middle income and upper income is at record high levels. The projected increase for the upper class is also projected to increase whereas the middle and lower class is not projected to increase nearly as much.
  • hcps-hessaj on 01 Feb 15
     
    "The wealth gap between America's high income group and everyone else has reached record high levels since the economic recovery from the Great Recession of 2007-09" Income inequality is becoming an increasingly growing problem in the U.S. The income gap between classes is at its largest since the recession. This has led to the upper class having a salary 6.6 times larger than other classes.
  • hcps-xiaob on 01 Feb 15
     
    "The wealth gap between America's high income group and everyone else has reached record high levels since the economic recovery from the Great Recession of 2007-09, with a clear trajectory of increasing wealth for the upper-income families and no wealth growth for the middle- and lower-income families." This article compares the difference in income between the American upper class and the middle class. In 2013, collected data showed that the upper class earned up to seven times the amount earned by the middle class, the largest wealth gap seen in thirty years.
  • libbymcf on 02 Feb 15
     
    "The wealth gap between America's high income group and everyone else has reached record high levels since the economic recovery from the Great Recession of 2007-09, with a clear trajectory of increasing wealth for the upper-income families and no wealth growth for the middle- and lower-income families." This article explains how the wealth gap between middle income and upper income families is widest in years. The article talks about median upper income and median middle income families as of 2013. The numbers are staggering ($639,400 to $96,500)
  • hcps-jacobpj on 03 Feb 15
     
    "The wealth gap between America's high income group and everyone else has reached record high levels since the economic recovery from the Great Recession of 2007-09, with a clear trajectory of increasing wealth for the upper-income families and no wealth growth for the middle- and lower-income families." This shows the radical difference in the economy. The rerason for this might be that the upper classes have more money to make investments in stocks, companies, etc. This eventually ends with more money being given to the spender.
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