The One Percent is 288 Times Richer Than You

A new report says those in the wealthiest percent of Americans make an average of $16.4 million. In the other 99 percent, it’s $57,000.

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.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

Read Next: 11 Secrets to Getting More Done

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,556 more deals!