Latest News from News 3

Las Vegas News | Weather | Sports | Traffic - MyNews3

Study: Wealth gap widened in the last decade

(Newsmakers, Getty Images/File)
(Newsmakers, Getty Images/File)
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 8/22 6:08 am

NEW YORK (AP) — A report from the Census Bureau is the latest evidence that the rich are getting richer while the poor get poorer.

The study released Thursday divided the U.S. into five groups, from wealthiest to poorest. The median net worth of the richest households rose 11 percent between 2000 and 2011, to $630,754. The next-wealthiest group's net worth also rose.

But because wealth dropped for the majority of Americans, the median household net worth for the country overall declined about 7 percent to $68,828.

The report was compiled using surveys done by the Census. It includes stocks, money in the bank, home values, retirement accounts and other assets in its measurement of net worth.

 

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share

Slideshows

Poll


All content © Copyright 2014 Intermountain West Communications Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service
You may also view our Sitemap.

FCC assistance for any person with disabilities can be provided by contacting us at publicfilehelp@mynews3.com

KSNV Profile & Public Inspection Files

2014 NBCUniversal Media, LLC. All rights reserved. Portions by Broadcast Interactive Media

FOLLOW US!


Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.