Wealth versus Income.

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Presentation transcript:

Wealth versus Income

What is Income? What is Wealth? What you EARN per year often referred to as salary the average college graduate (4yrs) starts at an average of $42,000 per year What is Wealth? What you OWN minus what you OWE House = $1,000,0000 Mortgage = $950,0000 Stocks = $50,000 Wealth = $100,000

Gini Index of WEALTH USA .85 Notice the Gini Index of Line of Income equality Notice the Gini Index of Wealth is much greater than Income

Wealth vs. Income Top 20% has 84% of Wealth Numbers YOU should know for TEST Wealth vs. Income Top 20% has 84% of Wealth Top 20% earns 50% of Income Top 1% has 39% of Wealth Top 1% earns 15% of Income Bottom 40% has less than 1% of wealth