Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    A Century of Wealth in America
    A Century of Wealth in America
    A Century of Wealth in America
    Audiobook22 hours

    A Century of Wealth in America

    Written by Edward N. Wolff

    Narrated by Sean Runnette

    3/5

    ()

    Switch to ebook

    About this audiobook

    Understanding wealth in the United States-who has it, how they acquired it, and how they preserve it-is crucial to addressing the economic and political challenges facing the nation. But until now we have had little reliable information. Edward Wolff, one of the world's great experts on the economics of wealth, offers an authoritative account of patterns in the accumulation and distribution of wealth since 1900.

    A Century of Wealth in America demonstrates that the most remarkable change has been the growth of per capita household wealth, which climbed almost eightfold prior to the 2007 recession. But overlaid on this base rate are worrying trends. The share of personal wealth claimed by the richest one percent almost doubled between the mid-1970s and 2013, concurrent with a steep run-up of debt in the middle class. As the wealth of the average family dropped precipitously-by 44 percent-between 2007 and 2013, with black families hit hardest, the debt-income ratio more than doubled. The Great Recession also caused a sharp spike in asset poverty, as more and more families barely survived from one paycheck to the next. In short, the United States has changed from being one of the most economically equal of the advanced industrialized countries to being one of the most unequal.
    LanguageEnglish
    PublisherTantor Media, Inc
    Release dateOct 31, 2017
    ISBN9781541482449

    Related to A Century of Wealth in America

    Related audiobooks

    United States History For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Where Millionaires Live in America

      Oct 22, 2020

      They say a million dollars isn't what it used to be, but it still earns you entry into an elite group of Americans. Only 6.7% of the nation's households, or about 8.4 million, qualify as bona fide millionaires. Before anyone gets hot and bothered, we

      1 min read

    • Article

      Escape From Afghanistan

      Aug 23, 2021

      Escape From Afghanistan
      13 min read

    • Article

      Emerging Financially Healthy After a Gray Divorce

      Mar 25, 2022

      Laura and Caroline are in their late 50s. Friends since meeting at a playgroup for their toddlers, both were in long-term, seemingly happy marriages. Laura married her high school sweetheart right after they graduated from college and worked as an RN

      7 min read

    • Article

      A Smart Option for Transferring Wealth Through Generations: The Dynasty Trust

      Oct 2, 2021

      Under the new Biden administration, the president has made his intentions clear about the potential to change the tax code. I believe tax increases are forthcoming; he’s already stated his position on income taxes and capital gains taxes as well as e

      4 min read

    • Article

      25 Top Stock Picks That Billionaires Love

      Dec 23, 2021

      You can't get rich simply by copying their every move, but there's still something irresistible about knowing what billionaire investors are doing with their money.  Consider that the billionaires, hedge funds and big-time advisories listed below hav

      1 min read

    • Article

      The Right Ending

      Oct 21, 2021

      The Right Ending
      3 min read

    • Article

      The Art Of Making It

      Apr 5, 2018

      The Art Of Making It
      14 min read

    • Article

      With Markets Down, Is Now the Time for Young People to Invest?

      Jul 13, 2022

      “Should I invest some of the cash I've been sitting on?” I work with several successful young professionals who have done well in the past decade – building careers and businesses that have generated substantial cash flow and are poised to build a si

      3 min read

    • Article

      Bridging The Wealth Gap

      Nov 17, 2023

      Bridging The Wealth Gap
      3 min read

    • Article

      The Wrong-Apartment Problem

      Jul 22, 2023

      The Wrong-Apartment Problem
      5 min read

    • Article

      Birthrates Are Tumbling Worldwide, Forcing Hard Choices On Societies

      Mar 29, 2024

      After a century in which the global population grew almost fourfold to 6.2 billion people, stoking fears of overpopulation, conflict, and ecological collapse, a turning point awaits.  At some point in the 2060s, 2070s, or 2080s, the world population,

      6 min read

    Related categories

    Reviews for A Century of Wealth in America

    3/5

    1 rating0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words