According to a new report from the nonprofit Economic Policy Institute, the richest 1 percent of American households have 288 times more money than the median American home.
That’s an average net worth of $16.4 million for the 1 percent, compared to an average of $57,000 for the median household in 2010. The report also says the income gap is growing, with the top 1 percent owning 35 percent of American wealth.
The site’s not just a bunch of math and words – it has some interesting tools and charts to play with. Here’s one that lets you look at who benefited (or suffered) from economic conditions over a range of years you pick. And here’s a chart showing the average wealth in 20 countries: America is 17 on the list, just above Greece and far below most of Europe, Australia, and Japan.
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