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Wealth and Power in America: Social Class, Income Distribution, Finance and the American Dream

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Wealth in the United States is commonly measured in terms of net worth, which is the sum of all assets, including home equity, minus all liabilities. More on the topic: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=ff2efe1946d5c4d43e435783f57e86dc&camp=1789&creative=9325&index=books&keywords=wealth%20america For example, a household in possession of an $800,000 house, $5,000 in mutual funds, $30,000 in cars, $20,000 worth of stock in their own company, and a $45,000 IRA would have assets totaling $900,000. Assuming that this household would have a $250,000 mortgage, $40,000 in car loans, and $10,000 in credit card debt, its debts would total $300,000. Subtracting the debts from the worth of this household's assets (900,000 - $300,000 = $600,000), this household would have a net worth of $600,000. Net worth can vary with fluctuations in value of the underlying assets. The wealth—more specifically, the median net worth—of households in the United States is varied with relation to race, education, geographic location and gender. As one would expect, households with greater income feature the highest net worths, though high income cannot be taken as an always accurate indicator of net worth. Overall the number of wealthier households is on the rise, with baby boomers hitting the highs of their careers. In addition, wealth is unevenly distributed, with the wealthiest 25% of US households owning 87% of the wealth in the United States, which was $54.2 trillion in 2009. When observing the changes in the wealth among American households, one can note an increase in wealthier individuals and a decrease in the number of poor households, while net worth increased most substantially in semi-wealthy and wealthy households. Overall the percentage of households with a negative net worth (more debt than assets) declined from 9.5% in 1989 to 4.1% in 2001. The percentage of net worths ranging from $500,000 to one million doubled while the percentage of millionaires tripled. From 1995 to 2004, there was tremendous growth among household wealth, as it nearly doubled from $21.9 trillion to $43.6 trillion, but the wealthiest quartile of the economic distribution made up 89% of this growth. During this time frame, wealth became increasingly unequal, and the wealthiest 25% became even wealthier. According to US Census Bureau statistics this "Upward shift" is most likely the result of a booming housing market which caused homeowners to experience tremendous increases in home equity. Life-cycles have also attributed to the rising wealth among Americans. With more and more baby-boomers reaching the climax of their careers and the middle aged population making up a larger segment of the population now than ever before, more and more households have achieved comfortable levels of wealth. Zhu Xiao Di (2004) notes that household wealth usually peaks around families headed by people in their 50s, and as a result, the baby boomer generation reached this age range at the time of the analysis. http://en.wikipedia.org/wiki/Wealth_in_the_United_States
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Текстовые комментарии (71)
Faysal Habib (1 месяц назад)
Sonalben Patel (1 год назад)
FHOX:D (1 год назад)
como mierda yege a qui???????
Chuck Dellano (2 года назад)
On YouTube look for,Clinton Documentary || Swedish Team 2016
War Is Peace (3 года назад)
Initial add by Goldman Sachs intentional?? Or was I just the witness of the most incredibly ironic moment on earth?
STEEL irony (19 дней назад)
+محمد أحمدش English bro
محمد أحمدش (1 год назад)
jerry henrie (3 года назад)
Read "GET RICH IN MARITIME SHIPPING STOCKS" by Jerry Henrie at amazon in kindle and paperback.
Urinal splashguard? or crocyamaka? (3 года назад)
No election will solve our problem. VIOLENCE will do it. No one including my self is willing.
محمد أحمدش (1 год назад)
shawn moberg
محمد أحمدش (1 год назад)
shawn moberg الو
circa blonk (2 года назад)
we have to organize....an American Bastille Day.
HateGovernment (3 года назад)
Our education system teaches us to be employees, not employers.  You get a college degree so you can work for someone else.  Business owners don't need degrees.
Manish (3 года назад)
Go and start a company
MyTwitzWorld (4 года назад)
"Socialism for the rich, Capitalism for the poor"....that really got me 1:02:56
Edward Dodson (4 года назад)
This society has from the very beginning been dominated by a privileged elite who secured and protected their privilege by putting into government individuals of low integrity. The early landed interests that dominated U.S. politics and wealth distribution are still with us. Our system of property and tax law ensures that landed wealth is taxed very lightly, while those who actually produce wealth and provide real services are taxed heavily.
Edward Dodson (2 года назад)
There is a member organization I am associated with called the International Union for Land Value Taxation. One of the IU's corporate members is Prosper Australia. If you are not familiar with their efforts to educate the public on the harmlful nature of Australia's tax structure and the speculation in land it rewards, check out their work. Karl Fitzgerald in Melbourne is the director.
SainterSan (2 года назад)
+Edward Dodson So have I, as have I. I agree, things have improved out of sight over the decades, but even now the rules still need to be fairer. Nevertheless there is a culture of complaint grabbing hold in the West (I'm from Australia) that we need to be aware of. I wasn't criticising you, Edward, just bringing another perspective to the discussion. - Wayne
Edward Dodson (2 года назад)
I have had the great pleasure of knowing many people who have devoted their lives to bringing about a more just world. The instinct for justice is also part of our human nature. Conditions have improved significantly over the centuries for many people. There are, of course, powerful vested interests who defend their entrenched privileges using a variety of strategies (including violence). To cooperative is in the best interest of humankind. Competition is also important, but competition based on fair rules.
SainterSan (2 года назад)
+Edward Dodson That's capitalism for you! It's not perfect but it's better than the rest ... and this is coming from an old leftie.  Elite athletes, musicians, artists and scientists are fine but oh no, not elite businessmen or politicians. It's human nature to want to be better than the rest. It is human nature to compete. It is human nature to covet and protect what we have - you would do the same if you were wealthy. Complaints from the masses? it's called jealousy. Have you noticed the exhaustive plethora of anti-government conspiracy theories doing the rounds this century? You know, 9/11 was an inside job, the NWO, global Zionism, the Illuminati, fake moon landing nonsense, they're all supported and perpetuated by those at the bottom of the food chain who mostly have little in the way of education or smarts. I guarantee you not one of them would care less about the 'evil elites' if they won lotto. NOT ONE of them.
Mike utubesux (4 года назад)
Screw that, Bernie Sanders or Jill Stein 2016! If you think Hillary or Ron Paul will solve our problems you're wrong.
Mike utubesux (3 года назад)
+Tara Cotta MY conspiracy theories? You are truly delusional. Thank you for proving my point though, by barely stringing together big words as a thinly veiled attempt at intellectualism without actually knowing what they mean. You've thrown together a bunch of redundant words like "social" "collective" as an obvious and transparent attempt to obfuscate the meaning of the question. Not to mention irrelevant words like "nominal" and "non-commercial" with no context whatsoever. You question is incredibly redundant and means very little out of context. Could you be any more obvious? To respond to the only substance of your "gotcha" question, Bernie does indeed support the distribution of collective wealth. Such is the purpose of the government to begin with (something that seems to be lost on you Libertarians). Of course, no matter how I respond, you will try to act like you "stumped" me because I didn't respond to the illogical parts of your question. Since you will respond as such, I'll ask you exactly what did you mean so we can have a substantial discussion, and to show me where exactly Bernie has stated his opinion on the matter.
Mike utubesux (3 года назад)
+Tara Cotta LOL now I see, you're one of his naive supporters. Lose the conspiracy angle and people might take you seriously. Also stop making assumptions based on literally nothing. I don't watch mainstream news either, but I actually learned to vet my sources to determine what's true and what's a nonsense conspiracy floating around facebook. You Libertairians eat that shit up. You also still support deregulation so you cannot be taken seriously.
Mike utubesux (3 года назад)
+Tara Cotta LOL, what? Ron Paul is a wolf in sheep's clothing. He's reasonable on a few issues and a total nut on most others. Hillary is a typical conformist neocon like the rest of the Democratic party. If you can't see how Sanders and Stein are different, you don't know anything about them.
Avi Abraham (4 года назад)
Ron Paul 
Nicola Reddwoodd (4 года назад)
Hillary 2016.
STEEL irony (19 дней назад)
Sad days for you were abead
barclyde1 (5 лет назад)
Alot of Jews here!
TheGoodNews01 (5 лет назад)
We already have a system that achieves all that: "There was no unemployment, and the price of living was still extremely low; you saw very few conspicuously destitute people, and no beggars except the gypsies. Above all, there was a belief in the revolution and the future, a feeling of having suddenly emerged into an era of equality and freedom. Human beings were trying to behave as human beings and not as cogs in the capitalist machine." George Orwell - Homage to Catalonia page 6.
AnixCo1990 (5 лет назад)
Thats why capitalism must be ended and be replaced with a system that will provide for all. Like what the Venus project is trying to acheive.
dajokn19 (5 лет назад)
As someone with a degree in History I have to disagree. There is evidence of social chiefs, trade networks, and division of labor going back as far as BCE 11,000. Social division and concentration of wealth are not at all unusual or new in human civilization.
Christina Chapman (5 лет назад)
As an anthropology student, I must inform you that your history is absolutely nonsensical. Hunter-gatherers didn't have a concept of "property" or "trade" until there wasn't enough food to go around. The vast majority of our evolutionary history was spent as egalitarian hunter-gatherers WITHOUT class or meaningful social statuses.
Skibum Willy (5 лет назад)
fix it! /watch?v=OWX8LNN66uA “fake speech corrects mankind's course”
Eric MastermindAlliance (5 лет назад)
Everyone can point fingers. I point them back at you. In life we have one thing determines our result. Goals. If you have no goal you have nothing to plan. Without a plan you have nothing to act on. Without taking action there is no results. I own the company called Goal Setting Clothing. I help others set goals. What is your goal?
STEEL irony (19 дней назад)
Don't have one, help me out
MASTERSTUDENT1 (5 лет назад)
Skibum Willy (5 лет назад)
The bad guys have a plan. Why don’t you GET ONE! Watch "99% Movement" on Youtube! /watch?v=hcLZKn0Aso0 Decomission evil ambitions! The NWO anti-plan!
finn6861 (5 лет назад)
I think they are extremely hard working-but it doesn't seem to be at their jobs.And it doesn't seem to be 500 times harder than other hard working people/What they are, are sociopaths morbidly obese with profit.If you replace the money hoarding with food-you would see them as nothing other than disgusting.
Warsie (5 лет назад)
The united states has ALWAYS been ran by the rich.
Reformed2005 (5 лет назад)
No historical evidence Jesus existed
armageddon2419 (5 лет назад)
Shivek Dhar (5 лет назад)
what makes u think that the RICH arnt hardworking??
Sconi71 (5 лет назад)
I guess conservatives feel that it is good for the US that the Walton family controls 40% of the wealth in this country yet pays their employees about $8.20 per hour on average? That amount does not give their employees enough purchasing power to help the economy. Jack up their pay to about $12 an hour not only gives them a wage that helps them and their families survive but it would also give them more purchasing power which would help the economy.
Sconi71 (5 лет назад)
Hardworking and dedicated doesn't mean anything in this country I see illegal immigrants working the cabbage fields in my county. They are dedicated and hardworking, and also vastly underpaid. While CEO's in this country make 340% more than the average worker in their companies, the middle class continues to disappear.
Sconi71 (5 лет назад)
Wrong wrong wrong. There are many 1% who inherit their money and contribute nothing to society. There are also many hard workers in this country that will never make it to the middle class. With that being said, since the 80's the middle class has been slowly disappearing. As a country we are more productive than ever before yet all of the wealth is trickling to the top. Unions only make up about 11% of the workforce and you want to blame them. I suggest you educate yourself.
James Nachtwey (5 лет назад)
If you definitely want to earn more income, you should search google for Caul Cash Code. That can help you get the cash you deserve.
Thastor (5 лет назад)
did i say so? idiot. Your just as dumb as tea party disinformated idiots, you leftists are just as bad. Listen christopher hitchens and get EDUCATED. idiot.
N Allen (5 лет назад)
So you think America is the 1% and the 99% are not Americans?
Thastor (5 лет назад)
what a anti american incredible trash, go live in syria, or north korea or iran! idiots. Watch christopher hitchens on america and get educated.
jose m (5 лет назад)
How do people become rich? Well they have to be hardworking and dedicated. You are simple giving a contradiction; your statement is communist fallacy. I see you support president Chavez, compare and contrast both U.S and Venezuela, you will find out the U.S (run by those rich people) is far better socially and economically than Venezuela, even the poor have better life than the poor under Chavez.Ahmed jones is right, in the end it does not matter who runs the country but how he does it
OneEtronOneMaouth (5 лет назад)
non mais sérieux, Farme ta yeul caliss personne comprend tbnk
台灣尚青 (5 лет назад)
Warsilver (5 лет назад)
You can't compare India to the US is wealth disparity. India is a developing country, i.e. Kuznets curve. You can argue correctly that the rich are becoming more rich and faster; BUT as the video states, "When observing the changes in the wealth among American households, one can note an increase in wealthier individuals and a decrease in the number of poor households". The rich are getting richer, but so are the poor.
Gico (6 лет назад)
que merda de legenda.....
BrazilianMaster (6 лет назад)
Brazil will rise to rule the economy in the world
Learn English (6 лет назад)
نبراس النبراس (6 лет назад)
مراقبين بالدية
Danniel Marques (6 лет назад)
conteúdo ótimo com uma MERDA de legenda tudo errado
Mattowarrior777 (6 лет назад)
damn this is in interesting contrast to the idea that clintons administration was "ultra liberal" and "For the regular folks"
EJGonzalezC (6 лет назад)
i need to diagree with you why the 1% rules everything and the 99% is stuck think about that.
Ahmed Samy (6 лет назад)
it doesn't matter which class who runs the country , what matters what they do to other members of the society .
EJGonzalezC (6 лет назад)
the united states needs to be return to the people. This country is ruled by the rich and not by the hardworking population.
Kendra Lesnick (6 лет назад)
What flaws were built into the system at 0:00:03 to 0:00:27 to prevent the government from responding to popular will?
Richard Christiansen (6 лет назад)
Recorder in 1978. (noted at 15:03)
EPMD20 (6 лет назад)
It's a bit complicated video. In simple terms: Jewish criminal organization (call it JCO) runs the United States, and not only. European Union and the UK as well.
Carole Di Tosti (6 лет назад)
The amazing thing is is that the situation has gotten much worse. Is it possible? Yes. As long as individuals are intellectually blind, then nothing could/can be done. The best thing is that people's eyes can be opened. Awareness is crucial.
Mike Strike (6 лет назад)
Old but true video!!!
Mesajha (6 лет назад)
i from star wars cone wars;p
westchesterny (6 лет назад)
Some things discussed here did not happen until post-WWII, but with roots back to the 1830s, the creation of then-anti-american entities, institutions that preceded the Civil War. Lincoln used Statist from Europe, like "48-ers" so half"union" soldiers were foreigners. They were not american in the army. Often "immigration" is just to bring a foreign army for "civil wars." The Statist centralization of Lincoln and his martial law was just an extension of his law career for "robber barons."
Rodmusset (6 лет назад)
same imao
Oscar Wicksell (6 лет назад)
How did I get here from a HoN Spotlight?

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