A New Report on Economic Inequality

JB Shreve
November 9, 2023 1 min to read
Reading Time: < 1 minute

A new report from Inequality.org has offered further insight into the growing gap between the world’s wealthy and the rest of us.

  • Between 2019 and 22, American families saw their incomes grow by about 3%, while the highest-income households saw one of the most considerable three-year changes ever recorded.
  • The average net worth of the nation’s richest 1% has grown from $5,351,332 in 1989 to $13,666,778 in 2022.
  • The top 10% of American households own 73% of the nation’s wealth, while the bottom 50% possess just 2% of the nation’s wealth.

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