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- A Rise in Wealth for the Wealthy; Declines for the Lower 93% - Pew
- Land loss has plagued black America since emancipation -- is it time to look again at 'black commons' and collective ownership?
- America's Inequality Problem: Real Income Gains Are Brief and Hard to Find
2014-07-29 — nytimes.com
The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 percent decline, according to a study financed by the Russell Sage Foundation. Those are the figures for a household at the median point in the wealth distribution -- the level at which there are an equal number of households whose worth is higher and lower. But during the same period, the net worth of wealthy households increased substantially.
...
"The housing bubble basically hid a trend of declining financial wealth at the median that began in 2001," said Fabian T. Pfeffer, the University of Michigan professor who is lead author of the Russell Sage Foundation study.
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