Who Owns Stock in the U.S.?

Interpreting Wealth Disparities

middle/upper grades activity

t eac h i ng Tolerance

Who Owns Stock in the U.S.?

56%

43%

Richest 1% of Americans Poorest 1% of Americans Everyone Else

64.5%

33%

1%

Source: Arthur B. Kennickel's A Rolling Tide: Changes in Distribution of Wealth in the U.S., 1989-2001, Levy Economic Institute, November 2003, Table 10, as presented in Economic Apartheid in America: A Primer on Economic Inequality in the U.S., Chuck Collins and Felice Yeskel with United for a Fair Economy and Class Action (The New Press, 2005.)

2.5%

Interpreting Wealth Disparities

middle/upper grades activity

t eac h i ng Tolerance

Who Owns the Total Household Wealth in the U.S.?

$1 50,000

43% 1%

64.5%

33%

Wealthiest 1% Bottom Half Everyone Else

2.5%

Sources: Recent Changes in U.S. family finances: Evidence from the 2001 and 2004 survey of consumer finances, Federal Reserve Bulletin, 2006; Arthur Kennickell, Currents and Undercurrents: Changes in the Distribution of Wealth, 1989?2004, Federal Reserve Board, January 2006.

$1 20,000 $90,000 $60,000 $30,000

$0

64.5%

Interpreting Wealth Disparities

middle/upper grades activity 1%

2.5%

t eac h i ng$60,000 Tolerance

$30,000

Between 1979 and 2003,

$0

How Fast Did Income Grow for Families Making...

80% 70% 60% 50% 40% 30% 20% 10%

0% ?10%

75%

51%

26% 15% 8% ?2%

less than $24,100? $42,200? $65,000? $98,000 $170,100 $24,100 42,100 65,000 98,200 and up and up

Source: U.S. Bureau of the Census, March 2004 Current Population Survey, Table F-3, as presented in Economic Apartheid in America: A Primer on Economic Inequality in the U.S., Chuck Collins and Felice Yeskel with United for a Fair Economy and Class Action (The New Press, 2005.)

$3.5mil $3mil

$2.5mil $2mil

$1.5mil $1mil

$.5mil $0

$?.5mil

?$1,400

Bottom Quarter

$90,000 %

Interpret2i.n5%g Wealth Disparit$i6e0s,000

middle/upper grades activity

t eac h i ng Tolerance

$30,000

$19,000

$11,500

N$e0t Worth of Families

African

Latino

White

American

Assets (Minus Debts)

75%

$3.5mil $3mil

$3,114,200

51%

$2.5mil $2mil

$1.5mil

%

00? $98,000 $170,100 00 and up and up

$1mil $.5mil

$0 $?.5mil

$526,700

$185,400 ?$1,400 $47,000

Bottom Second Third

Top Top 10%

Quarter Quarter Quarter Quarter,

but not

top 10%

Sources: Recent Changes in U.S. family finances: Evidence from the 2001 and 2004 survey of consumer finances, Federal Reserve Bulletin, 2006; Arthur Kennickell, Currents and Undercurrents: Changes in the Distribution of Wealth, 1989?2004, Federal Reserve Board, January 2006.

Interpreting Wealth Disparities

middle/upper grades activity

t eac h i ng Tolerance

2.5%

75%

Median Household Net Worth by Race, 2001

$1 50,000 $1 20,000

Assets (Minus Debts)

$1 2 1 ,000

$90,000

$60,000

$30,000

$19,000

$11,500

$0

African

Latino

White

American

Source: Analysis of 2001 Federal Reserve Bank Survey of Consumer Finances by Barbara Robles, as

presented in Economic Apartheid in America: A Primer on Economic Inequality in the U.S., Chuck

$3.5Cmolliinls and Felice Yeskel with United for a Fair Economy and Class Action (The New Press, 2005.)

$3,114,200

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