People talk badly about socialism and Marxism. Most don't even know what they are. But here is a question for you:
Could you live on $471,465 per year?
If Wealth Was Evenly Distributed Across the US, How Much Money Would Every Person Have?
According to the Federal Reserve, U.S. households hold $160.35 trillion in combined wealth, which is the value of every American’s assets minus their liabilities.
To say it’s distributed unevenly is too much of an understatement to even qualify as an understatement. The bottom 50% of the country shares less than 3% of that enormous pie, while the most fortunate 10% gorge on nearly all of it.
Here’s a look at how much money each American would have if every person got an equal slice of the country’s wealth.
According to Google’s Data Commons project, the U.S. is home to roughly 340.11 million people.
If they divvied up the country’s $160.35 trillion jackpot equally, each would have about $471,465. That’s $942,930 per couple. If a couple had two kids, the four of them would be sitting pretty with $1.89 million.