In 1963, families near the top had six times the wealth (or, $6 for every $1) of families in the middle. By 2016, they had 12 times the wealth of families in the middle. Why has wealth inequality worsened over the past 50 years? And why, in particular, has the racial wealth gap not closed? Nine charts illustrate how income inequality, earnings gaps, homeownership rates, retirement savings, student loan debt, and lopsided asset-building subsidies have contributed to these growing wealth disparities.
Source: Urban Institute, 10/5/17, Inequality
No comments:
Post a Comment