Warehouse, Broker Products; Current Economic Picture

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Posted To: Pipeline Press

The gap between the haves and have-nots continues to widen. Though the wealth of U.S. households has eclipsed $100 trillion, the wealthy have primarily accrued the post-recession gains. Those in the top 1 percent of U.S. households have seen their wealth double and now hold over $30 trillion of that . The next 9 percent of households hold about $40 trillion. As for the half of households outside of the top 50 percent, things are worse than they were before the recession . In 2002, the bottom 50 percent of households held $2 trillion in wealth, in 2006 was $1.2 trillion, went negative from 2010 to about 2013, and today is just at $1.3 trillion . “Fortunately” the share of families in the bottom half fell to 37 percent in 2016, from 43 percent in 2007. Lender Products and Services…(read more)

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