General Debt Research and Stats
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01:02, 23 February 2018
Created page with " == LINKS: == PPP Article on Wealth - Stats[http://peoplespolicyproject.org/2017/08/05/if-we-care-about-inequality-we-must-confront-capital/ PPP Stats on Wealth and Inequali..."
== LINKS: ==
PPP Article on Wealth - Stats[http://peoplespolicyproject.org/2017/08/05/if-we-care-about-inequality-we-must-confront-capital/ PPP Stats on Wealth and Inequality]
(Potential answer to: How would we pay for it?!)
* In 2015, total household wealth stood at $71.3 trillion.
* This is equal to $220,000 per person, or $880,000 for every family of four, if the wealth was distributed evenly throughout society.
* The owners of this wealth, or capital, capture around 30 percent of the income produced by the country every year.
* In 2015, total US capital income was around $4.8 trillion.
* If this unearned portion of the national income was distributed equally to every individual in society, then each person would receive around $15,000 of income per year in addition to whatever else they receive from working.
* In 2014, the average wealth of the bottom half was $349. For the top one percent, it was over $16 million.
* In 2014, the bottom half had an average capital income of $826. For the top one percent, it was over $750,000.
* In 2014, just 5.1 percent of the bottom half’s income came from capital. For the top one percent, around 58.9 percent of income came from capital.
* The top 0.01 percent of individuals in society have an average income of $28 million. Three-fourths of that income, or $21 million, came from capital in 2014.
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