US middle class gets richer, but wealthy do even better

By  | 
View Map

WASHINGTON (AP) -- Middle-class American families grew richer between 2013 and 2016, their first such gains since the Great Recession upended the economy a decade ago. Yet wealthier families did even better, worsening the nation's massive disparities in wealth and income.

A Federal Reserve survey found that the median net worth of all American families rose 16 percent last year from 2013 to $97,300. The median is the point where half of families fall below and half above.

Nonwhite households and those with less education saw the largest percentage gains in wealth. Yet bigger gains by the wealthiest families left them with a greater share. The 1 percent richest families now hold nearly 39 percent of U.S. wealth, up from 36.3 percent in 2013.

The comment sections of our web set are designed for thoughtful, intelligent conversation and debate. We want to hear from the viewers but we are not obligated to post comments we feel inappropriate or violate our guidelines. Here are some of the criteria you should follow when posting comments:

Comments cannot be profane or vulgar. Children and families visit this site. We will delete comments that use profanity or cross the lines of good taste.

We will delete all comments using hate speech. Slurs, stereotypes and violent talk aren’t welcome on our web site.

Comments should not attack other readers personally.

We will delete comments we deem offensive, in bad taste, or out of bounds. We are not obligated to post comments that are rude or insensitive.

We do not edit user-submitted comments.

As a host WEAU 13 News welcomes a wide spectrum of opinions. However, we have a responsibility to all our readers to try to keep our comment section fair and decent. For that reason WEAU 13 News reserves the right to not post or to remove any comment.
powered by Disqus