What is inequality of wealth?

The inequality of wealth (i.e. inequality in the distribution of assets) has substantially increased in the United States in recent decades. Wealth commonly includes the values of any homes, automobiles, personal valuables, businesses, savings, and investments, as well as any associated debts.

What happened to wealth inequality in the United States?

He is also a senior fellow in the Financial Security Program at the Aspen Institute. U.S. wealth and income inequality grew from 1989-2016, with the bottom half of Americans getting left behind. Data also show the racial wealth gap remained essentially unchanged, while generational and educational wealth gaps widened.

What is economic inequality?

Economic inequality, whether measured through the gaps in income or wealth between richer and poorer households, continues to widen. With periodic interruptions due to business cycle peaks and troughs, the incomes of American households overall have trended up since 1970.