{"id":1430586,"date":"2023-10-05T00:40:00","date_gmt":"2023-10-05T04:40:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1430586"},"modified":"2023-10-05T00:40:00","modified_gmt":"2023-10-05T04:40:00","slug":"americas-poorest-only-own-6-of-assets","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/americas-poorest-only-own-6-of-assets\/1430586\/","title":{"rendered":"America&#8217;s Poorest Only Own 6% Of Assets"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">America&#8217;s Poorest Only Own 6% Of Assets<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>The poorest 50 percent of Americans owned just 5.9 percent of the country\u2019s total assets in Q2 of 2023, according to\u00a0<a href=\"https:\/\/fred.stlouisfed.org\/series\/WFRBSB50189\">data<\/a>\u00a0from the U.S. Board of Governors of the Federal Reserve System.<\/p>\n<p><a href=\"https:\/\/www.statista.com\/chart\/30962\/share-of-total-assets-in-us-held-by-the-bottom-50-percent\/\">As Statista&#8217;s Ann Fleck shows in the following chart<\/a>, <strong>the share of wealth as total assets remained at a low 5.9 percent through the first two quarters of this year,<\/strong> having seen a downtick from 6 percent at the end of 2022.<\/p>\n<p><a href=\"https:\/\/www.statista.com\/chart\/30962\/share-of-total-assets-in-us-held-by-the-bottom-50-percent\/\" title=\"Infographic: America's Poorest Only Own 6% of Assets | Statista\"><\/a><\/p>\n<p><em>You will find more infographics at <a href=\"https:\/\/www.statista.com\/chartoftheday\/\">Statista<\/a><\/em><\/p>\n<p>Since 1989, the peak share of assets held by this group was in Q2 and Q3 of 1995, when it reached just 8.7 percent.<\/p>\n<p>By contrast, data shows that<strong>\u00a0<a href=\"https:\/\/www.statista.com\/chart\/30961\/net-worth-of-the-richest-people-in-the-united-states\/\">the top 0.1 percent<\/a>\u00a0(99.9th to 100th wealth percentiles) <\/strong>of the U.S. <strong>held 11.4 percent<\/strong> of total assets in Q2 of 2023 &#8211; almost double that of the lowest 50 percent.<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Wed, 10\/04\/2023 &#8211; 20:40<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/personal-finance\/americas-poorest-only-own-6-assets\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/personal-finance\/americas-poorest-only-own-6-assets<\/a>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>America&#8217;s Poorest Only Own 6% Of Assets The poorest 50 percent of Americans owned just 5.9 percent of the country\u2019s total assets in Q2 of&#8230;<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1430586","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1430586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1430586"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1430586\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1430586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1430586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1430586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}