ROCKVILLE, Md., June 13, 2019 /PRNewswire/ -- The divide between wealthy Americans and the middle- and lower-class citizens remains one of the nation's most defining and important economic considerations.
In this new e-book, Packaged Facts examines important generational and racial/ethnic trends in an economic environment where household growth, mean wealth, and aggregate wealth trends in the United States clearly substantiate a post-recession skew toward affluence.
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Here is a brief excerpt from the new document:
Packaged Facts' research reveals that post-recession household growth is most pronounced among affluent households, which grew by 90% from 2010 to 2019. Base, middle, and upper affluent households each grew in number by more than 60%. As a result, the share of affluent households rose from 8.5% to 14.5%, and upper affluent ($500K+ income) households now comprise roughly 2% of all households. In comparison, among non-affluent households, from 2010 to 2019, the number categorized by Packaged Facts as mass affluent ($75K-$149K HH income) has grown by 35% to 30.2 million households, while those categorized as non-mass affluent (<$75K HH income) have declined by 5% to 81.3 million households. [Table 1 and Table 2]…
The data and research in this e-book are based on the following reports by Packaged Facts:
- The Financial Services Market: Affluent and High Net Worth Consumers, 8th Edition
- The Financial Services Market: African Americans
- The Financial Services Market: Hispanics
About Packaged Facts – For over 50 years, Packaged Facts has published industry-leading intelligence on a wide range of consumer markets and topics, including packaged foods & beverages, culinary trends, the foodservice industry, the pet products market, consumer goods and retailing, consumer spending & payment, and shopper insights and demographics. Packaged Facts is a division of MarketResearch.com.
SOURCE Packaged Facts