When looking at inequalities of wealth, more Americans than ever are investing in the stock market and this has resulted in more wealth inequality.
Several factors contribute to the rise in economic inequality in the United States. These include, in no particular order, technological change, globalization, the decline of unions, and the declining value of minimum wages.
Wealth inequality in America expanded tremendously from 1989 to 2016, with the top 10% of families measured by household wealth (net worth of at least $1.2 million) falling short of their share of the American “pie”. It has grown to 77%. property ownership. The bottom half of the families ranked by household wealth (those whose net worth is less than $97,000) own only 1%.
US household wealth holdings have been somewhat concentrated since the 1980s. The top 10% of households held 68.2% of total wealth in 1983 and 73.1% of total wealth in 2007.
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