A Team on a Mission to Help Make More People Wealthy!
We studied the data and saw change was needed
A rising share of household liabilities is student debt.
U.S. households hold almost $1.6 trillion in student loans—an increase of over 150 percent since 2006.[i] Millennials are, in fact, the “student debt generation.” Compared to their Generation X peers, they took out more loans at higher amounts and were more likely to default, largely due to higher tuition, increased enrollment at for-profit schools, and a weak labor market.
The share of wealth in the economy is increasingly owned by families in the top of the income distribution.
The top 20 percent held 77 percent of total household wealth in 2016, more than triple what the middle class held, defined as the middle 60 percent of the usual income distribution.[ii] In fact, the top one percent alone holds more wealth than the middle class. They owned 29 percent—or over $25 trillion—of household wealth in 2016, while the middle class owned just $18 trillion.[iii]
The top 1% of American income earners own 40% of stocks.
The U.S. wealth gap is increasing and investments are a part of the reason why. The 10% of American households currently have over 83% of stocks. With the bottom 90% of American households owning less than 17% of stocks, the wealth gap will likely continue to increase.