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Historical Net Worth & Wealth Concentration in the United States | eHow.com
As of 2011, the average household income of the top 10 percent of households in the United States was $164,647. For the bottom 90 percent, it was $31,244. The top 1 percent averaged $3,238,386, and the top 0.1 percent $27,342,212. The wealthiest 1 percent of households in the United States possessed 32.7 percent of the wealth, while the bottom 50 percent held between 1 and 2 percent.
Causes
Opinions as to the causes of wealth inequity vary widely, from free-market analyses that attribute wealth to hard work and poverty to laziness, all the way to socialist critiques that see all wealth as created by labor, and all market forces as essentially parasitic. Financial inequality is caused by a complex mix of technology, market forces and government policy. As industries become more automated, they allow more wealth to become concentrated in the owning classes and less to be filtered to the working class in the form of wages. This process is exacerbated by government policies that grant tax breaks to the wealthy, easing of capital gains burdens and market deregulation.
Read more: Historical Net Worth & Wealth Concentration in the United States | eHow.com http://www.ehow.com/info_8087879_historical-wealth-concentration-united-states.html#ixzz1N0hO7hSX
As of 2011, the average household income of the top 10 percent of households in the United States was $164,647. For the bottom 90 percent, it was $31,244. The top 1 percent averaged $3,238,386, and the top 0.1 percent $27,342,212. The wealthiest 1 percent of households in the United States possessed 32.7 percent of the wealth, while the bottom 50 percent held between 1 and 2 percent.
Causes
Opinions as to the causes of wealth inequity vary widely, from free-market analyses that attribute wealth to hard work and poverty to laziness, all the way to socialist critiques that see all wealth as created by labor, and all market forces as essentially parasitic. Financial inequality is caused by a complex mix of technology, market forces and government policy. As industries become more automated, they allow more wealth to become concentrated in the owning classes and less to be filtered to the working class in the form of wages. This process is exacerbated by government policies that grant tax breaks to the wealthy, easing of capital gains burdens and market deregulation.
Read more: Historical Net Worth & Wealth Concentration in the United States | eHow.com http://www.ehow.com/info_8087879_historical-wealth-concentration-united-states.html#ixzz1N0hO7hSX
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