Invention and Engineering

Affluence in the United States

Affluence refers to an individual's or household's economical and financial advantage in comparison to others. 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. However, when looked at in relative terms, wealth is highly concentrated: the bottom 50% of Americans only share 2% of the total household wealth, while the top 1% hold 35% of that wealth. In 2022, the median net worth of U.S. families was $192,900 and the mean was $1,063,700, measured in 2022 dollars. Between 2019 and 2022, real median family net worth rose 37 percent and real mean net worth rose 23 percent.

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See also

• ▸2-6-8-0
• ▸Hiten (spacecraft)
• ▸Home economics

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