Image from Canva Pro
Visualizing Wealth Distribution In America( 1990 to 2023)
Wealth distribution has become increasingly concentrated in the hands of fewer people since 1990. Overall, the top 10 % of wealthiest Americans own more than the bottom 90 % combined, with more than $ 95 trillion in wealth for the top 10 %, according to the Federal Reserve and Visual Capitalist.
In 2024, the share of wealth held by the richest 0.1 % is near its peak with a minimum of $ 38 million in wealth in just 131,000 households. With $ 20 trillion in wealth, the top 0.1 % earn an average of $ 3.3 million in income each year. The greatest share of the wealth owned by the top 0.1 % is held in stocks and mutual funds. Households in the lowermiddle and middle classes as found in the 50 % to 90 % income and asset brackets are claimed to have a minimum of $ 165,000 in wealth held primarily in real estate, followed by pension and retirement funds.
Keep Real Estate Wealth in Your Family Tree
Unless you’ re in the Top 0.1 %, the odds are quite high that the bulk of your wealth is concentrated in real estate if you’ re fortunate enough to own now.
The average American today still owns and controls the bulk of residential real estate. We must continue moving forward to maintain this control of residential properties so that the multibillion dollar corporations don’ t pick up larger shares of properties that form the foundation for the creation of generational wealth and the American Dream for so many people today.
Today, it’ s advisable to have the right mix of real estate, mortgages, and insurance to create, maintain, and protect your wealth. We must also stay focused on reducing monthly expenses that can erode wealth on a daily compounding basis.
If you’ d like to learn more details about how my team and I can assist you
Wealth distribution has become increasingly concentrated in the hands of fewer people since 1990. with protecting and increasing the size of your family’ s assets and reducing your overall monthly expenses, please reach out to me today for assistance.
MEET RICK TOBIN
Rick Tobin has worked in the real estate, financial, investment, and writing fields for the past 30 + years. He’ s held eight( 8) different real estate, securities and mortgage brokerage licenses to date and is a graduate of the University of Southern California. He provides creative residential and commercial mortgage solutions for clients across the nation. He’ s also written college textbooks and real estate licensing courses in most states for the two largest real estate publishers in the nation; the oldest real estate school in California; and the first online real estate school in California. Please visit his website at Realloans. com for financing options and his new investment group at SoCal Real Estate Investors for more details.
41