A Closer Look

Wealth in US – Gains occurred only among households wealthier than the most wealthy 5%

Earlier this month the Federal Reserve reported that the minimum wealth needed to qualify for the wealthiest 5% of American households fell from 2010 to 2013.  The decline in the cutoff indicates that wealth gains occurred only among households wealthier than the most wealthy 5%.

The growth in the nation’s wealth from $55 trillion in 2009 to $81 trillion in 2014 tracks closely with the direction of change of other economic indicators since 2009.

For many American households most of their wealth is tied up in their homes.  Nationally, the Case-Shiller home price index is up 13% from March 2009. The S&P 500 stock market index recently closed above 2000, up from its low of 677 in March 2009.

Chosen excerpts by Job Market Monitor. Read the whole story at The nation’s wealth recovers, but largely for those at the top | Pew Research Center.

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