- Feds Target Suspected Payday Loan Scams
- America’s 10 Best Cities to Live In
- Occupy Wipes Out Nearly $4 Million in Strangers’ Student Loan Debt
- The Most Counterfeited Products and 8 Ways to Avoid Purchasing Them
- 5 Reasons to Take a Company Buyout (And Why You Might Think Twice)
- The 10 Most Dangerous Jobs in the US
- Family Caregivers Pay a High Price for Taking Care of Loved Ones
- Are You an Employee or a Contractor? (In Other Words, Is Your Boss Ripping You Off?)
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.