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Wealth gap between middle class and rich widest ever


Dec. 17, 2014 CNN Money

That’s led to the widest wealth gap on record between the middle class and the rich.

The median household net worth of middle-income Americans remained at $96,500 between 2010 and 2013, according to a new report from the Pew Research Center, which looked at Federal Reserve Bank data.

Upper-income households, however, saw their wealth grow to $639,400 last year, up from $595,300.

That means the rich have 6.6 times more wealth than the middle class, a figure that’s grown from 4.1 in 1998 and 3.4 in 1983.

It’s also a record 69 times the wealth of lower-income Americans, who had accumulated only $9,300 as of last year.

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