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Affluence refers to an individual's or household's economical and financial advantage in comparison to others.[1] It may be assessed through either income or wealth.
In absolute terms, affluence is a relatively widespread phenomenon in the United States, with over 30% of households having an income exceeding $100,000 per year and over 30% of households having a net worth exceeding $250,000, as of 2019.[2][3] However, when looked at in relative terms, wealth is highly concentrated: the bottom 50% of Americans only share 2% of total household wealth while the top 1% hold 35% of that wealth.
In the United States, as of 2019, the median household income is $60,030 per year and the median household net worth is $97,300, while the mean household income is $89,930 per year and the mean household net worth is $692,100.[2][3]
- ^ Procter, Paul, ed. (1995). Cambridge International Dictionary of English. Cambridge: Cambridge University Press. ISBN 0-521-48236-4.
- ^ a b "Household Income Percentile Calculator, US [2019]". DQYDJ. October 8, 2019. Retrieved November 16, 2019.
- ^ a b "Net Worth Percentile Calculator – United States (and Average)". DQYDJ. October 2, 2017. Retrieved November 16, 2019.