We've been here before, and it took a New Deal.

Group Sprinting on Railway Tracks Towards Freight Train
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  • Karen G-A's avatar Artist
    Karen...
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    AIVision
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    8mos ago
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More about We've been here before, and it took a New Deal.

Final quarter of 2023 US wealth-inequality statistics:

The top 10% of households by wealth had $6.5 million on average. As a group, they held 66.6% of total household wealth.
The bottom 50% of households by wealth had $50,000 on average. As a group, they held only 2.6% of total household wealth.

The minimum annual income required in 2023 for a family of four to be middle class in California was $69,064. Alabama and Arkansas both required the lowest minimum income to be considered middle class, at $51,798.

Black families owned about 24 cents for every $1 of white family wealth, on average.
Hispanic families owned about 19 cents for every $1 of white family wealth, on average.

Families headed by someone with some college education (but no four-year degree) had 31 cents for every $1 of wealth held by families headed by a four-year college graduate.
Families headed by someone with a high school diploma had 22 cents for every $1 of wealth held by families headed by a four-year college graduate.
Families headed by someone with less than a high school diploma had 9 cents for every $1 of wealth held by families headed by a four-year college graduate.

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