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