According to data recently released from the U.S Census Bureau and analyzed by the Pew Research Center, 2009 to 2011 (sometimes thought of as the first two years of the recovery) saw mean net worth gains of 28% for the top seven percent of households. The lower 93%, however, saw net mean losses of 4%. Putting numbers to the percentages, that accounts for 8 million households in the top seven percent and 111 million households in the bottom 93%.
According to Pew, these difference occurred owing to the changes between the stock and bond market and the housing market; more affluent families tended to have financial holdings in the stock and bond markets, while less affluent families wealth tends to be stored in their homes. The ensuing difference in markets let to the top seven percent of households owning 63% of the nation's aggregate wealth in 2011, which was an increase from 56% in 2009.
About TeachingwithData.org
TeachingWithData.org is a partnership between the Inter-university Consortium for Political and Social Research (ICPSR) and the Social Science Data Analysis Network (SSDAN), both at the University of Michigan. The project is funded by NSF Award 0840642, George Alter (ICPSR), PI and William Frey (SSDAN), co-PI.
Translate
Search This Blog
Popular Posts
-
A study recently featured in the Journal of Comparative Economics examines income inequality in urban China. Capital income increased d...
-
If you’ve hit the point in the semester where your classes have fallen into routines and you’d like to spice things up a bit, this webinar i...
-
According to the Washington Post, since 2009, the unemployment rate in the United States has dropped by 50% . The traditional...
-
A recent post on the Economist’s Graphic Detail blog includes a global map of cigarette smokers in 2010, as reported by the American Cance...
-
Using data from the Violence Policy Center, the Bureau of Justice Statistics, the National Institute of Justice, and the Center for American...
No comments :
Post a Comment