Our inability to save has contributed to a 21 % decline in household
median net worth between 1998, the year median incomes peaked in America, and 2013, the last year for which Fed stats are available.
Not exact matches
It shows that, since 2007 through 2016, U.S.
median household
net worth declined
between 2007 and 2016 for all income groups except the top 10 %.
The best illustration of this trend is the difference
between the
median and the mean household
net worth.
The
median net worth of Americans
between the ages of 70 - 74 was $ 133,840 in 2001, compared with $ 134,140 in the 55 - 59 age group.
Between 2010 and 2013, the
median net worth dipped by 2 % to $ 81,200.
In 2013, the national
median inflation - adjusted family
net worth — the difference
between families» gross assets and their liabilities — increased only in the upper — middle income tiers of households (the top 40 percentile of income) compared to 2010.
From 2005 to 2009, the
median net worth of Hispanic households dropped by 66 percent while
net worth fell 53 percent among black households, said the report, Wealth Gaps Rise to Record Highs
Between Whites, Blacks and Hispanics.