We use all available waves of the Survey of Consumer Finances to document the evolution of the wealth distribution in the US since the 1980s. Relying on the shape of this distribution we then estimate a life-cycle incomplete markets model. We find that considering a wide range of net worth...
In 2019, the median wealth per person increased to a six-year high of about 1.98 thousand U.S.
There has been a lot of talk this year, and especially during the holiday season, about the inequities in the distribution of wealth and income. But most of what has been written is quite simple-minded, if the writers mean to convey something more than their own personal preferences for a ...
Capital market theory predicts that the wealth distribution should affect interest rates. This Paper empirically analyses the relationship between the wealth distribution and interest rates in the US. We use data on wealth inequality from various sources. Measures of wealth inequality are linked ...
The number of international ultra high net worth families in China with the equivalent of US$30mn of total wealth increased by 4.1% or 3,600 to 92,000 households. Of these, 58,000 families had investable assets of the equivalent of US$30mn. Geographical Distribution of Affluent Households,...
Published 1 year ago on November 2, 2023 By Dorothy Neufeld Graphics/Design: Christina Kostandi Twitter Facebook LinkedIn Reddit Pinterest Email Visualizing the Pyramid of Global Wealth Distribution Who controls global wealth? In 2022, the world’s millionaires held nearly half of net household ...
are supposed to laugh at the stupidity of Americans. But their view may actually be closer to the truth than the official data. Then the graph shows the inequality that Americans think would be fair. Even the Bush voters opt for a wealth distribution far more equal than what we actually ...
The number of international ultra high net worth families in China with the equivalent of US$30mn of total wealth increased by 2.8% or 2,400 to 89,000 households.Of these, 56,000 families had investable assets of the equivalent of US$30mn.Geographical Distribution of Affluent Households, ...
I investigate the wealth distribution and endogenous fiscal policy in a two-class growth model in which individuals exhibit a desire for social status. The latter is increasing with individual wealth and decreasing with the average wealth of the society. First, I show that status-seeking is crucia...
We retain a core holding (Neutral) on global equities and anticipate they will perform in line with bonds while outperforming cash. We are Overweight US equities, underpinned by our expectation that Fed rate cuts will lead to a soft-landing for the US economy. Earnings growth remains robust, ...