Tag: wealth

From a long term trend perspective, despite a few recessions along the way, the American economy based on GDP data, has been growing consistently bigger. Coupled with the stock market reaching new long term highs one may argue that America has found its groove again and that we are back…

The table below shows where your household stands, relative to others in the US population, based on how much income is earned per year. For example, if your household makes $50,000 a year you would be in the 25% percentile group of household income. At $150,000, you would be in the percentile that makes…

While America has the most number of millionaires in absolute terms, it does not have the most per capita. Reflecting the shift in global wealth distribution, most of the countries where the per-capita number of millionaires exceeds that of the US are in Asia and the Middle East. 62.5 million…

According to a recent report from the Deloitte Center for Financial Services, the total number of US families with a net worth of over $1 million will double by 2020. All this while the unemployment rate hovers around 10% amidst a tight job market undergoing significant structural reform. Overall, the…