Wealth gap between middle class and rich widest ever

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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.