Widest Wealth Gap Ever Recorded in American History

A Pew Research Center report shows that the wealth gap between America’s middle and upper-income families is the widest ever recorded.

In fact, the median wealth of America’s most affluent families is nearly seven times that of their middle-income countrymen. . .

The chart below shows the wealth gap between upper- and middle-income households over the last 30 years:

Photo Credit: Wall Street Daily

As if that’s not bad enough, America’s upper-income families have a median net worth that’s 70 times greater than lower-income families.

Meanwhile, net income has remained dismal for years now. It’s no surprise that most Americans aren’t feeling the effects of the economic recovery… after all, median income is still 8% lower than in 2007, just before the recession. (Read more about the widest wealth gap ever recorded HERE)

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