<P> Wealth inequality in the United States (also known as the wealth gap) is the unequal distribution of assets among residents of the United States . Wealth includes the values of homes, automobiles, personal valuables, businesses, savings, and investments . The net worth of U.S. households and non-profit organizations was $94.7 trillion in the first quarter of 2017, a record level both in nominal terms and purchasing power parity . Divided equally among 124 million U.S. households, this would be $760,000 per family . However, the bottom 50% of families, representing 62 million households, average $11,000 net worth . </P> <P> Just prior to President Obama's 2014 State of the Union Address, media reported that the top wealthiest 1% possess 40% of the nation's wealth; the bottom 80% own 7%; similarly, but later, the media reported, the "richest 1 percent in the United States now own more additional income than the bottom 90 percent". The gap between the top 10% and the middle class is over 1,000%; that increases another 1,000% for the top 1% . The average employee "needs to work more than a month to earn what the CEO earns in one hour ." Although different from income inequality, the two are related . In Inequality for All--a 2013 documentary with Robert Reich in which he argued that income inequality is the defining issue for the United States--Reich states that 95% of economic gains went to the top 1% net worth (HNWI) since 2009 when the recovery allegedly started . More recently, in 2017, an Oxfam study found that eight rich people, six of them Americans, own as much combined wealth as half the human race . </P> <P> A 2011 study found that US citizens across the political spectrum dramatically underestimate the current US wealth inequality and would prefer a far more egalitarian distribution of wealth . </P>

Who owns most of the wealth in america
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