Wealth In the United States
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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. From Wikipedia under the
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GNU Free Documentation License Matching Results for Wealth In the United States:United StatesQuotes. God has a special providence for fools, drunks, and the United States of America. Anonymous proverb, often misattributed to Otto von Bismarck Ron Paul Sourced On freedom. Question: Your solutions, on stopping drug trade, is, give up, give up to world drugs. I say zero tolerance, we use the military for aid, we stop ... Atlas Shrugged Have you ever felt the longing for someone you could admire? For something, not to look down at, but up to? From Wikiquote under the
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