Journal Article

Wealth inequality among the Forbes 400 and U.S. households overall


Abstract: While widening income inequality in the United States has garnered much public and academic attention in recent years, wealth inequality reveals an even starker picture. For instance, in 2010, the top 1 percent of income earners received 19.8 percent of total household income. In the same year, the wealthiest 1 percent held 35.4 percent of total household wealth (Kaplan 2013). Moreover, wealth inequality has increased in recent decades, with most gains concentrated among the richest 20 percent of households (Wolff 2013).

Keywords: Wealth inequality; Households; Wealth distribution; ;

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Provider: Federal Reserve Bank of Philadelphia

Part of Series: Research Rap Special Report

Issue: Jul

Order Number: 1