Wealth Inequality

We regard wealth as "net amount". This is the debt subtracted from your asset. Assets range from deposits to owned and residential accounts to investments in equities and bonds, real estate and retirement accounts. Liabilities cover what the family owes: auto loans, credit card balances, student loans, mortgage or other unpaid invoices

The most visible indicator of wealth inequality in the United States today may be the wealthiest list of the 400 wealthiest people listed in Forbes magazine. In 1982, the net income of the "poorest" Americans listed in the Forbes magazine's first wealthiest richest 400 richest people of that year was $ 80 million. The average net asset of the members of the first list was $ 230 million. In 2016, wealthy Americans need $ 1.7 billion of net assets to participate in Forbes 400, but ordinary members have net assets of $ 6 billion and the average inflation-adjusted average of 1982 It is over twice.

Even with the list of the most abundant Forbes in the US 400, inequality is skyrocketing. The net assets of Forbes 400 wealthy members soared from $ 2 billion in 1982 to $ 81 billion in 2016, far above the Forbes 400's final or average increase.

In the past quarter century only the wealthiest families in the United States increased their net worth.

During the past century, the proportion of wealthiest wealth in America in America has changed dramatically. Prior to the Great Depression, this percentage peaked in the late 1920s and declined more than half over the next 30 years. However, the trend of equalization in the middle of the 20th century is almost completely gone. At the summit of the US economic summit, the wealthiest men in the country now have the same wealth as in the 1920s.

The 21st century is not friendly to American general households. The net assets of most American households - excluding debt - fell between 2000 and 2011. During this time, only the first five-fifths of the country's asset distribution increased.

Rich people are not just richer than others. Most of their wealth comes from different, more profitable assets. For example, the top 1% of the US owns about half of the assets of the countries investing in stocks and mutual funds. The majority of the 90% under the Americans are getting their wealth from their primary residence, which is the category of most damaged assets during the Great Depression. These Americans also have about three quarters of US debt.

Millionaires of the Forbes 400 rich list now have as much riches as one third of the population of Latin America, in addition to all African-American families. In other words, only 400 very wealthy people have the wealth of 16 million African-American families and 5 million Latin family members.

The Great Depression is deepening the differentiation of long-standing ethnic and national wealth in the United States. At the end of the 20th century the typical white family's net worth was six times higher than the typical black family. This gap has doubled. The gap between the rich and poor among Caucasian and Hispanic families is also expanding

The racial inequality between the rich and the poor is an unfair widely seen in this country and it is too long. It is important to understand how unbalancedly the color community affects the color community from the perspective of the historical root of wealth inequality and inequality of poverty rate and wealth. As a result, efforts to tax credits for low-income working families will affect the gap between rich and poor. Tax fairness is important not only for the withdrawal of all households but also for supporting the development of color families in socio-economic development. The low income portion of income tax credit (EITC) and child tax credit (CTC) is particularly beneficial for colorful communities because of the high poverty rate. For example, blacks account for 12% of the population, but 19% of the working poor. The Hispanic population accounts for about 17% of the labor force, which is 28% of the labor poor.

Wealth inequality in the United States and income inequality are the greatest concerns of the 2016 presidential election campaign, and that is exactly right. Think of CFED (a national nonprofit organization that has long focused on expanding economic opportunities for US low-income households and communities, formerly known as Enterprise Development Corporation). Looking at the average wealth of the black and white community, the gap does not shrink and the trend is heading in the wrong direction. wrong"