"The distribution of wealth (net worth) across households has been an underlying consideration in
congressional deliberations on various issues, including taxation and social welfare. This report
analyzes the change over time in the concentration of net worth (assets minus liabilities) to help
inform those policy deliberations.
According to data from the Federal Reserve’s latest Survey of Consumer Finances (SCF), mean
household net worth was $498,800 and median household net worth was $77,300 in 2010.The
median is the value at which one-half of wealth-owners have lower values and one-half have
higher values of wealth. It is a better indication of the wealth of the “typical” household than is
the mean which, because of the way in which it is calculated, is greatly affected by the small
number of households with high values of wealth. A mean over six times a median suggests
substantial concentration of wealth among households at the upper end of the wealth distribution..."
Monday, July 23, 2012
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