What Is The Average Net Worth Of American Households?
A new survey shows that there are 11.8 million households with net assets of more than $1 million, according to the US Bureau of Labor Statistics (BLS).Â
Psychologically damaged baby boomers blame Millennials for all of the perceived ills in the economy including destroying dozens of industries.
The headlines continue to rail against young Americans as if they are the primary cause for many industries going under. Forget about the fact that companies like Amazon have shifted the way all Americans shop. The headlines blaming young Americans are getting to the point of ridiculousness. Baby boomers hold 50 percent of all wealth […]
The standard wage for an American is $29,000: Social Security data reveals raw figures for the wealthiest country in the world.
All Americans pay Social Security taxes. So looking at Social Security for income data is fairly reliable. The new Social Security figures show that Americans continue to make a lot less than what the public tends to believe. For example, you may have seen mainstream shows with talking heads saying that someone making $200,000 a […]
Nothing fake about the top 0.1% holding the same amount of wealth as the bottom 90%.
While people argue about what is real and fake news the widening gulf of inequality in the real world only continues to expand. This is actually happening and for the ultra wealthy that hold most of the wealth, all of this distraction is a good thing. The latest wealth report from Deutsche Bank Research shows […]