Wealth Disparity in America: Impact of Biden's Presidency
8
World
March 26, 2025 15:42
washington - The richest half of Americans own 97.5% of wealth, while the poor saw improvements under Biden. Wealth statistics compared to the Netherlands.
Wealth Distribution in America
The richest half of American households possess around 97.5% of the national wealth.
Impact of Biden's Presidency
- 67 million households saw a $1250 billion increase in wealth under Biden.
- 133,000 wealthiest households saw a $6000 billion rise, driven by asset values.
Wealth Disparity
- The top 10% of Dutch households own 56% of national wealth, totaling nearly €1500 billion.
- Low-income Americans faced rising consumer credit with high interest rates.