Article Bookmarked
Bookmark Removed

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.

Read More on CNN Money

Gene Upshaw Player Assistance Trust Fund

Apply Today

All Resources

Tell Me More

One Common Finance Question:

Can a Collection Agency Charge More Than The Original Debt Shown On My Credit Report?

Read More

Which Debt Should You Pay Off First?

Some debts are worse than others.

Read More

How to Negotiate Your Debt

When you negotiate and how you're willing to pay matter.

Read More

How Much House Can I Afford?

It's key to know all the costs of owning a home.

Read More

Happy Thanksgiving

Remember to let your family and friends know how much they mean.

Read More

Families Are Reuniting for Their First Post-Vax Thanksgiving.

Here is some good advice.

Read More

A Step-by-Step Thanksgiving Checklist

Let's make this a little easier for you.

Read More

Why Success Makes No Sense Until You Embrace Your Failures

Embracing your failures doesn't mean promoting mediocrity: it is the key to achieving sustained success.

Read More