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The top 20% of Americans owned 86% of the country's wealth and the bottom 80% of the population owned 14%. In 2011, financial inequality was greater than inequality in total wealth, with the top 1% of the population owning 43%, the next 19% of Americans owning 50%, and the bottom 80% owning 7%. [15]
In 2016, average market income was $15,600 for the lowest quintile and $280,300 for the highest quintile. The degree of inequality accelerated within the top quintile, with the top 1% at $1.8 million, approximately 30 times the $59,300 income of the middle quintile.
Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is distributed among the owners), and c) consumption inequality (how the total sum of money spent by people is distributed among the spenders).
Pexels provides media for online download, maintaining a library that contains over 3.2 million photos and videos, growing each month by roughly 200,000 files. [1] The content is uploaded by the users and reviewed manually. Using and downloading the media is free, the website generates income through advertisements for paid content databases.
'A pointless showing of wealth': This New York dad says he refused to pay $200K for his daughter's dream wedding — now she won't speak to him. ... If you need to tell your child that you can’t ...
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She went on to openly pity a couple who live down her street because the mom has to work long hours and doesn’t get much quality time with her kids Image credits: Arina Krasnikova / Pexels (not ...