Affluence in the United States (original) (raw)

Affluence refers to an individual's or household's economical and financial advantage in comparison to others. It may be assessed through either income or wealth. In absolute terms affluence is a relatively widespread phenomenon in the United States, with over 30% of households having an income exceeding 100,000peryearandover30100,000 per year and over 30% of households having a net worth exceeding 100,000peryearandover30250,000, as of 2019. However, when looked at in relative terms, wealth is highly concentrated: the bottom 50% of Americans only share 2% of total household wealth while the top 1% hold 35% of that wealth.