According to the central bank, those born between 1981 and 1996, better known as Millennials, control only 4.6% of the wealth in the country even though they make up the majority of the workforce, with around 72 million people. While it is not unusual for younger people to accumulate
  • TechyDad@lemmy.world
    20·
    1 year ago

    In fact, while the 1% of the luckiest Americans have a combined net worth of $ 34.2 trillion, the poorest 50%, about 165 million people, own only $ 2.08 trillion, or the 1.9% of the total wealth accumulated by Americans.

    To do the math, this means that the average American in the poorest 50% has $12,600. Meanwhile, the average 1%-er has over $10 million.