If Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Have?

According to the Federal Reserve, U.S. households clasp $160.35 trillion successful combined wealth, which is the worth of each American’s assets minus their liabilities.

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To accidental it’s distributed unevenly is excessively overmuch of an understatement to adjacent suffice arsenic an understatement. The bottommost 50% of the state shares little than 3% of that tremendous pie, portion the astir fortunate 10% gorge connected astir each of it.

Here’s a look astatine however overmuch wealth each American would person if each idiosyncratic got an adjacent portion of the country’s wealth.

Next, find retired what the system mightiness look similar if nett worthy was capped astatine $1 billion.

According to Google’s Data Commons project, the U.S. is location to astir 340.11 cardinal people.

If they divvied up the country’s $160.35 trillion jackpot equally, each would person astir $471,465. That’s $942,930 per couple. If a mates had 2 kids, the 4 of them would beryllium sitting beauteous with $1.89 million.

To astir successful the little 50%, that astir apt sounds similar a beauteous saccharine deal. To galore successful the monied people successful the apical half, however, a nett worthy of little than a half-million dollars mightiness arsenic good beryllium a stint successful the poorhouse.

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Nearly 1 dollar successful 3 is successful the pockets of the apical 1%, which owns $49.46 trillion, oregon 30.8% of America’s combined wealthiness — but adjacent the 1% has an aristocracy and an underclass.

The heavyweights astatine the tippy-top of the pyramid successful the apical 0.1% — astir 340,000 radical — ain $22.14 trillion, oregon 13.8% of America’s bounty. That leaves the commoners of the 1% — the 99%-99.9% percentile radical — to stock $27.32 trillion, oregon 17% of America’s fortune.

Under that are those successful the 90%-99% percentile group, who power $58.34 trillion, oregon 36.4% of the pie. Combined with the 1%, that puts astir precisely two-thirds of America’s wealthiness successful the slope accounts of the apical 10%.

Nearly each of the remaining 3rd of America’s wealthiness — 30.3%, oregon $48.54 trillion — goes to those successful the 50%-90% percentile groups.

That leaves conscionable 2.5%, oregon $4.01 trillion, for the full bottommost 50% of the state to split. If they divided it evenly, which they, of course, bash not, that would springiness each of those 170 cardinal radical $23,588.

For context, the 340,000 movers and shakers successful the apical 0.1% get astir $65.12 cardinal each — 2,760 times more.