The Wealth Gains That Made 2020 a Banner Year for the Richest 1%

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The Wealth Gains That Made 2020 a Banner Year for the Richest 1%

Bloomberg2021-03-23

Top group added $4 trillion, more than a third of new wealth Americans without college degree saw their wealth share shrink The rich got richer in the U.S. last year, as wealth created by rebounding ...

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Alex77
·2021-03-23
Comment and like. Thks
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- Smelly Tiger:
  ?
  2021-03-23
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- jc0110:
  ok
  2021-03-23
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Looweihao
·2021-03-23
Nice
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Teslawonder
·2021-03-23
Pls like and comment if you like and believe in this great article. Thanks
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J5385
·2021-03-23
is nothning to them
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dandan_4896
·2021-03-23
I love u
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- XiaTian:
  [微笑]
  2021-03-23
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  like
  2021-03-23
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chiew
·2021-03-23
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  and i love u more and more
  2021-03-23
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- Poggki:
  yes, more and more
  2021-03-23
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s3nGz
·2021-03-23
Good
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  totally!
  2021-03-23
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  vff
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Wealth Gains That Made 2020 a Banner Year for the Richest 1%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 15:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw their wealth share shrink\n\nThe rich got richer in the U.S. last year, as wealth created by rebounding ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1","article_id":"1185818116","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1185818116","pubTimestamp":1616485801,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw th","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"translate_title":"财富增长使2020年成为1%最富有人群的辉煌一年","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9},"content_text":"Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw their wealth share shrink\n\nThe rich got richer in the U.S. last year, as wealth created by rebounding stock and real-estate markets skewed toward high earners.\nThe richest 1% of households saw their net worth rise by some $4 trillion in 2020, meaning that they captured about 35% of the extra wealth generated nationwide, according to the latest quarterly study of household wealth from the Federal Reserve. The poorest half of the population, by contrast, got about 4% of overall gains.\n\nWidening wealth gaps during the pandemic have become a key driver of policy for President Joe Biden’s administration, cited by officials as a reason for the proposed tax increases on high-income groups.\nThe following charts and tables show how U.S. household wealth gains in 2020 break down, according to the Fed data released late Friday.\nStocks and Funds\nThe wealthiest Americans benefited most from gains in stocks and mutual funds, as well as their ownership stakes in private businesses -- assets that aren’t widely owned by the bottom 90% of households.\n\nEquity holdings accounted for the biggest wealth gains last year among the highest-earning households. Lower down the income ladder, other assets such as home equity or pension entitlements played a more important role.\n\nEducation Divide\nHouseholds without a college degree saw their share of the nation’s net worth shrink in 2020. Holders of a degree held 71.8% of the national total at the end of last year, an increase of a full percentage point, after adding $9.3 trillion in net worth.\n\nBy comparison, households without a high school degree saw their wealth shrink by $111 billion. This group now holds only 1.6% of the country’s wealth, a record low in data going back to 1989.\nAge and Youth\nThe share of wealth held by Americans age 55 to age 69 is being squeezed, the Fed data show, while the age-groups immediately above and below them posted gains.\nThe 55-69 age cohort, made up of the younger portion of so-called Baby Boomers, saw its share fall to 42.8% from 43.6% a year earlier. Americansagedunder 40 fared slightly better but still hold less than 6% of the national wealth -- roughly half their share in the late 1980s.\n\nRacial Gaps\nThe challenges of racial inequality in the economy are near the top of the Biden administration’s agenda. The Fed’s data showed that wealth held by White Americans exceeded $100 trillion in 2020 for the first time, double what it was when the Great Recession ended in June 2009.\nOther racial groups saw their wealth increase at a broadly similar pace in 2020 -- but from a much lower base. Despite declining home homeownership rates since the pandemic, Black Americans gained almost $150 billion in real estate equity last year, the largest gain in four years.\n\nWhite Americans, who make up more than 60% of the total population, are older on average which generally means they’ve had more time to accumulate wealth. About 18.5% of the population is Hispanic and 13.4% is Black.\nFed researchers have pointed out how wealth or the lack of it can be transmitted across generations. “White families are both more likely to have received an inheritance and are also more likely to expect to receive an inheritance,” according to a study published last year.\nLiquid Wealth\nOne big pandemic shift that emerges from the Fed data is the tendency for higher net-worth households to keep a chunk of their wealth in the most liquid form. The total amount of checkable deposits and currency surged past $3 trillion last quarter, up from $1.2 trillion at the end of March.\n\nThe increase may reflect greater caution amid the turmoil caused by Covid-19, as well as a lack of immediate spending opportunities during lockdowns.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":353873057,"gmtCreate":1616486986179,"gmtModify":1704794704078,"author":{"id":"3560394851002481","authorId":"3560394851002481","name":"Alex77","avatar":"https://static.tigerbbs.com/da14fbb2adbae4651f74cd7d3331bc3a","vip":1,"crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3560394851002481","idStr":"3560394851002481"},"htmlText":"Comment and like. Thks","listText":"Comment and like. Thks","text":"Comment and like. Thks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/353873057","repostId":1185818116,"repostType":4,"repost":{"id":"1185818116","kind":"news","pubTimestamp":1616485801,"share":"https://ttm.financial/m/news/1185818116?lang=&edition=fundamental","pubTime":"2021-03-23 15:50","market":"us","language":"en","title":"The Wealth Gains That Made 2020 a Banner Year for the Richest 1%","url":"https://stock-news.laohu8.com/highlight/detail?id=1185818116","media":"Bloomberg","summary":"Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw th","content":"<ul>\n <li>Top group added $4 trillion, more than a third of new wealth</li>\n <li>Americans without college degree saw their wealth share shrink</li>\n</ul>\n<p>The rich got richer in the U.S. last year, as wealth created by rebounding stock and real-estate markets skewed toward high earners.</p>\n<p>The richest 1% of households saw their net worth rise by some $4 trillion in 2020, meaning that they captured about 35% of the extra wealth generated nationwide, according to the latest quarterly study of household wealth from the Federal Reserve. The poorest half of the population, by contrast, got about 4% of overall gains.</p>\n<p><img src=\"https://static.tigerbbs.com/3fb7d460c87969b9a3e478cc06408993\" tg-width=\"954\" tg-height=\"476\"></p>\n<p>Widening wealth gaps during the pandemic have become a key driver of policy for President Joe Biden’s administration, cited by officials as a reason for the proposed tax increases on high-income groups.</p>\n<p>The following charts and tables show how U.S. household wealth gains in 2020 break down, according to the Fed data released late Friday.</p>\n<p><b>Stocks and Funds</b></p>\n<p>The wealthiest Americans benefited most from gains in stocks and mutual funds, as well as their ownership stakes in private businesses -- assets that aren’t widely owned by the bottom 90% of households.</p>\n<p><img src=\"https://static.tigerbbs.com/cbf5deef5aadcfcd5bdc1ccd787ba2b9\" tg-width=\"956\" tg-height=\"496\"></p>\n<p>Equity holdings accounted for the biggest wealth gains last year among the highest-earning households. Lower down the income ladder, other assets such as home equity or pension entitlements played a more important role.</p>\n<p><img src=\"https://static.tigerbbs.com/4f9ea2dbf4523063ae3394f55f468967\" tg-width=\"969\" tg-height=\"681\"></p>\n<p><b>Education Divide</b></p>\n<p>Households without a college degree saw their share of the nation’s net worth shrink in 2020. Holders of a degree held 71.8% of the national total at the end of last year, an increase of a full percentage point, after adding $9.3 trillion in net worth.</p>\n<p><img src=\"https://static.tigerbbs.com/060b3e03e86e30d8ff212ac576158167\" tg-width=\"918\" tg-height=\"292\"></p>\n<p>By comparison, households without a high school degree saw their wealth shrink by $111 billion. This group now holds only 1.6% of the country’s wealth, a record low in data going back to 1989.</p>\n<p><b>Age and Youth</b></p>\n<p>The share of wealth held by Americans age 55 to age 69 is being squeezed, the Fed data show, while the age-groups immediately above and below them posted gains.</p>\n<p>The 55-69 age cohort, made up of the younger portion of so-called Baby Boomers, saw its share fall to 42.8% from 43.6% a year earlier. Americansagedunder 40 fared slightly better but still hold less than 6% of the national wealth -- roughly half their share in the late 1980s.</p>\n<p><img src=\"https://static.tigerbbs.com/1975f3ec7dc6b3d02852343662bfc8bb\" tg-width=\"946\" tg-height=\"527\"></p>\n<p><b>Racial Gaps</b></p>\n<p>The challenges of racial inequality in the economy are near the top of the Biden administration’s agenda. The Fed’s data showed that wealth held by White Americans exceeded $100 trillion in 2020 for the first time, double what it was when the Great Recession ended in June 2009.</p>\n<p>Other racial groups saw their wealth increase at a broadly similar pace in 2020 -- but from a much lower base. Despite&nbsp;declining&nbsp;home homeownership rates since the pandemic, Black Americans gained almost $150 billion in real estate equity last year, the largest gain in four years.</p>\n<p><img src=\"https://static.tigerbbs.com/1b09e9c5351e5c3acb7e756885537ff9\" tg-width=\"947\" tg-height=\"428\"></p>\n<p>White Americans, who&nbsp;make up&nbsp;more than 60% of the total population, are older on average which generally means they’ve had more time to accumulate wealth. About 18.5% of the population is Hispanic and 13.4% is Black.</p>\n<p>Fed researchers have pointed out how wealth or the lack of it can be transmitted across generations. “White families are both more likely to have received an inheritance and are also more likely to expect to receive an inheritance,” according to a&nbsp;study&nbsp;published last year.</p>\n<p><b>Liquid Wealth</b></p>\n<p>One big pandemic shift that emerges from the Fed data is the tendency for higher net-worth households to keep a chunk of their wealth in the most liquid form. The total amount of checkable deposits and currency surged past $3 trillion last quarter, up from $1.2 trillion at the end of March.</p>\n<p><img src=\"https://static.tigerbbs.com/24085fd18d23d9072bd3673090b2ab74\" tg-width=\"951\" tg-height=\"530\"></p>\n<p>The increase may reflect greater caution amid the turmoil caused by Covid-19, as well as a lack of immediate spending opportunities during lockdowns.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Wealth Gains That Made 2020 a Banner Year for the Richest 1%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Wealth Gains That Made 2020 a Banner Year for the Richest 1%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 15:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw their wealth share shrink\n\nThe rich got richer in the U.S. last year, as wealth created by rebounding ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185818116","content_text":"Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw their wealth share shrink\n\nThe rich got richer in the U.S. last year, as wealth created by rebounding stock and real-estate markets skewed toward high earners.\nThe richest 1% of households saw their net worth rise by some $4 trillion in 2020, meaning that they captured about 35% of the extra wealth generated nationwide, according to the latest quarterly study of household wealth from the Federal Reserve. The poorest half of the population, by contrast, got about 4% of overall gains.\n\nWidening wealth gaps during the pandemic have become a key driver of policy for President Joe Biden’s administration, cited by officials as a reason for the proposed tax increases on high-income groups.\nThe following charts and tables show how U.S. household wealth gains in 2020 break down, according to the Fed data released late Friday.\nStocks and Funds\nThe wealthiest Americans benefited most from gains in stocks and mutual funds, as well as their ownership stakes in private businesses -- assets that aren’t widely owned by the bottom 90% of households.\n\nEquity holdings accounted for the biggest wealth gains last year among the highest-earning households. Lower down the income ladder, other assets such as home equity or pension entitlements played a more important role.\n\nEducation Divide\nHouseholds without a college degree saw their share of the nation’s net worth shrink in 2020. Holders of a degree held 71.8% of the national total at the end of last year, an increase of a full percentage point, after adding $9.3 trillion in net worth.\n\nBy comparison, households without a high school degree saw their wealth shrink by $111 billion. This group now holds only 1.6% of the country’s wealth, a record low in data going back to 1989.\nAge and Youth\nThe share of wealth held by Americans age 55 to age 69 is being squeezed, the Fed data show, while the age-groups immediately above and below them posted gains.\nThe 55-69 age cohort, made up of the younger portion of so-called Baby Boomers, saw its share fall to 42.8% from 43.6% a year earlier. Americansagedunder 40 fared slightly better but still hold less than 6% of the national wealth -- roughly half their share in the late 1980s.\n\nRacial Gaps\nThe challenges of racial inequality in the economy are near the top of the Biden administration’s agenda. The Fed’s data showed that wealth held by White Americans exceeded $100 trillion in 2020 for the first time, double what it was when the Great Recession ended in June 2009.\nOther racial groups saw their wealth increase at a broadly similar pace in 2020 -- but from a much lower base. Despite declining home homeownership rates since the pandemic, Black Americans gained almost $150 billion in real estate equity last year, the largest gain in four years.\n\nWhite Americans, who make up more than 60% of the total population, are older on average which generally means they’ve had more time to accumulate wealth. About 18.5% of the population is Hispanic and 13.4% is Black.\nFed researchers have pointed out how wealth or the lack of it can be transmitted across generations. “White families are both more likely to have received an inheritance and are also more likely to expect to receive an inheritance,” according to a study published last year.\nLiquid Wealth\nOne big pandemic shift that emerges from the Fed data is the tendency for higher net-worth households to keep a chunk of their wealth in the most liquid form. The total amount of checkable deposits and currency surged past $3 trillion last quarter, up from $1.2 trillion at the end of March.\n\nThe increase may reflect greater caution amid the turmoil caused by Covid-19, as well as a lack of immediate spending opportunities during lockdowns.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3861345,"gmtCreate":1616487828934,"gmtModify":1680781391487,"authorId":3565093231884966,"author":{"id":3565093231884966,"idStr":"3565093231884966","authorId":3565093231884966,"name":"Smelly Tiger","avatar":"https://static.tigerbbs.com/eb090d0ef806d1ab6ea260cffcde7569","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.15","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":353873057,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"},{"id":3861277,"gmtCreate":1616487079167,"gmtModify":1680781386707,"authorId":3576885233950935,"author":{"id":3576885233950935,"idStr":"3576885233950935","authorId":3576885233950935,"name":"jc0110","avatar":"https://static.tigerbbs.com/e09e5e2e4ea456938e5df81fb0919107","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":353873057,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":353847036,"gmtCreate":1616486655625,"gmtModify":1704794700195,"author":{"id":"3579234903697937","authorId":"3579234903697937","name":"Looweihao","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3579234903697937","idStr":"3579234903697937"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353847036","repostId":1185818116,"repostType":4,"repost":{"id":"1185818116","kind":"news","pubTimestamp":1616485801,"share":"https://ttm.financial/m/news/1185818116?lang=&edition=fundamental","pubTime":"2021-03-23 15:50","market":"us","language":"en","title":"The Wealth Gains That Made 2020 a Banner Year for the Richest 1%","url":"https://stock-news.laohu8.com/highlight/detail?id=1185818116","media":"Bloomberg","summary":"Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw th","content":"<ul>\n <li>Top group added $4 trillion, more than a third of new wealth</li>\n <li>Americans without college degree saw their wealth share shrink</li>\n</ul>\n<p>The rich got richer in the U.S. last year, as wealth created by rebounding stock and real-estate markets skewed toward high earners.</p>\n<p>The richest 1% of households saw their net worth rise by some $4 trillion in 2020, meaning that they captured about 35% of the extra wealth generated nationwide, according to the latest quarterly study of household wealth from the Federal Reserve. The poorest half of the population, by contrast, got about 4% of overall gains.</p>\n<p><img src=\"https://static.tigerbbs.com/3fb7d460c87969b9a3e478cc06408993\" tg-width=\"954\" tg-height=\"476\"></p>\n<p>Widening wealth gaps during the pandemic have become a key driver of policy for President Joe Biden’s administration, cited by officials as a reason for the proposed tax increases on high-income groups.</p>\n<p>The following charts and tables show how U.S. household wealth gains in 2020 break down, according to the Fed data released late Friday.</p>\n<p><b>Stocks and Funds</b></p>\n<p>The wealthiest Americans benefited most from gains in stocks and mutual funds, as well as their ownership stakes in private businesses -- assets that aren’t widely owned by the bottom 90% of households.</p>\n<p><img src=\"https://static.tigerbbs.com/cbf5deef5aadcfcd5bdc1ccd787ba2b9\" tg-width=\"956\" tg-height=\"496\"></p>\n<p>Equity holdings accounted for the biggest wealth gains last year among the highest-earning households. Lower down the income ladder, other assets such as home equity or pension entitlements played a more important role.</p>\n<p><img src=\"https://static.tigerbbs.com/4f9ea2dbf4523063ae3394f55f468967\" tg-width=\"969\" tg-height=\"681\"></p>\n<p><b>Education Divide</b></p>\n<p>Households without a college degree saw their share of the nation’s net worth shrink in 2020. Holders of a degree held 71.8% of the national total at the end of last year, an increase of a full percentage point, after adding $9.3 trillion in net worth.</p>\n<p><img src=\"https://static.tigerbbs.com/060b3e03e86e30d8ff212ac576158167\" tg-width=\"918\" tg-height=\"292\"></p>\n<p>By comparison, households without a high school degree saw their wealth shrink by $111 billion. This group now holds only 1.6% of the country’s wealth, a record low in data going back to 1989.</p>\n<p><b>Age and Youth</b></p>\n<p>The share of wealth held by Americans age 55 to age 69 is being squeezed, the Fed data show, while the age-groups immediately above and below them posted gains.</p>\n<p>The 55-69 age cohort, made up of the younger portion of so-called Baby Boomers, saw its share fall to 42.8% from 43.6% a year earlier. Americansagedunder 40 fared slightly better but still hold less than 6% of the national wealth -- roughly half their share in the late 1980s.</p>\n<p><img src=\"https://static.tigerbbs.com/1975f3ec7dc6b3d02852343662bfc8bb\" tg-width=\"946\" tg-height=\"527\"></p>\n<p><b>Racial Gaps</b></p>\n<p>The challenges of racial inequality in the economy are near the top of the Biden administration’s agenda. The Fed’s data showed that wealth held by White Americans exceeded $100 trillion in 2020 for the first time, double what it was when the Great Recession ended in June 2009.</p>\n<p>Other racial groups saw their wealth increase at a broadly similar pace in 2020 -- but from a much lower base. Despite&nbsp;declining&nbsp;home homeownership rates since the pandemic, Black Americans gained almost $150 billion in real estate equity last year, the largest gain in four years.</p>\n<p><img src=\"https://static.tigerbbs.com/1b09e9c5351e5c3acb7e756885537ff9\" tg-width=\"947\" tg-height=\"428\"></p>\n<p>White Americans, who&nbsp;make up&nbsp;more than 60% of the total population, are older on average which generally means they’ve had more time to accumulate wealth. About 18.5% of the population is Hispanic and 13.4% is Black.</p>\n<p>Fed researchers have pointed out how wealth or the lack of it can be transmitted across generations. “White families are both more likely to have received an inheritance and are also more likely to expect to receive an inheritance,” according to a&nbsp;study&nbsp;published last year.</p>\n<p><b>Liquid Wealth</b></p>\n<p>One big pandemic shift that emerges from the Fed data is the tendency for higher net-worth households to keep a chunk of their wealth in the most liquid form. The total amount of checkable deposits and currency surged past $3 trillion last quarter, up from $1.2 trillion at the end of March.</p>\n<p><img src=\"https://static.tigerbbs.com/24085fd18d23d9072bd3673090b2ab74\" tg-width=\"951\" tg-height=\"530\"></p>\n<p>The increase may reflect greater caution amid the turmoil caused by Covid-19, as well as a lack of immediate spending opportunities during lockdowns.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Wealth Gains That Made 2020 a Banner Year for the Richest 1%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Wealth Gains That Made 2020 a Banner Year for the Richest 1%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 15:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw their wealth share shrink\n\nThe rich got richer in the U.S. last year, as wealth created by rebounding ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185818116","content_text":"Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw their wealth share shrink\n\nThe rich got richer in the U.S. last year, as wealth created by rebounding stock and real-estate markets skewed toward high earners.\nThe richest 1% of households saw their net worth rise by some $4 trillion in 2020, meaning that they captured about 35% of the extra wealth generated nationwide, according to the latest quarterly study of household wealth from the Federal Reserve. The poorest half of the population, by contrast, got about 4% of overall gains.\n\nWidening wealth gaps during the pandemic have become a key driver of policy for President Joe Biden’s administration, cited by officials as a reason for the proposed tax increases on high-income groups.\nThe following charts and tables show how U.S. household wealth gains in 2020 break down, according to the Fed data released late Friday.\nStocks and Funds\nThe wealthiest Americans benefited most from gains in stocks and mutual funds, as well as their ownership stakes in private businesses -- assets that aren’t widely owned by the bottom 90% of households.\n\nEquity holdings accounted for the biggest wealth gains last year among the highest-earning households. Lower down the income ladder, other assets such as home equity or pension entitlements played a more important role.\n\nEducation Divide\nHouseholds without a college degree saw their share of the nation’s net worth shrink in 2020. Holders of a degree held 71.8% of the national total at the end of last year, an increase of a full percentage point, after adding $9.3 trillion in net worth.\n\nBy comparison, households without a high school degree saw their wealth shrink by $111 billion. This group now holds only 1.6% of the country’s wealth, a record low in data going back to 1989.\nAge and Youth\nThe share of wealth held by Americans age 55 to age 69 is being squeezed, the Fed data show, while the age-groups immediately above and below them posted gains.\nThe 55-69 age cohort, made up of the younger portion of so-called Baby Boomers, saw its share fall to 42.8% from 43.6% a year earlier. Americansagedunder 40 fared slightly better but still hold less than 6% of the national wealth -- roughly half their share in the late 1980s.\n\nRacial Gaps\nThe challenges of racial inequality in the economy are near the top of the Biden administration’s agenda. The Fed’s data showed that wealth held by White Americans exceeded $100 trillion in 2020 for the first time, double what it was when the Great Recession ended in June 2009.\nOther racial groups saw their wealth increase at a broadly similar pace in 2020 -- but from a much lower base. Despite declining home homeownership rates since the pandemic, Black Americans gained almost $150 billion in real estate equity last year, the largest gain in four years.\n\nWhite Americans, who make up more than 60% of the total population, are older on average which generally means they’ve had more time to accumulate wealth. About 18.5% of the population is Hispanic and 13.4% is Black.\nFed researchers have pointed out how wealth or the lack of it can be transmitted across generations. “White families are both more likely to have received an inheritance and are also more likely to expect to receive an inheritance,” according to a study published last year.\nLiquid Wealth\nOne big pandemic shift that emerges from the Fed data is the tendency for higher net-worth households to keep a chunk of their wealth in the most liquid form. The total amount of checkable deposits and currency surged past $3 trillion last quarter, up from $1.2 trillion at the end of March.\n\nThe increase may reflect greater caution amid the turmoil caused by Covid-19, as well as a lack of immediate spending opportunities during lockdowns.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":353845730,"gmtCreate":1616486562020,"gmtModify":1704794699222,"author":{"id":"3574996021054734","authorId":"3574996021054734","name":"Teslawonder","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574996021054734","idStr":"3574996021054734"},"htmlText":"Pls like and comment if you like and believe in this great article. Thanks","listText":"Pls like and comment if you like and believe in this great article. Thanks","text":"Pls like and comment if you like and believe in this great article. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353845730","repostId":1185818116,"repostType":4,"repost":{"id":"1185818116","kind":"news","pubTimestamp":1616485801,"share":"https://ttm.financial/m/news/1185818116?lang=&edition=fundamental","pubTime":"2021-03-23 15:50","market":"us","language":"en","title":"The Wealth Gains That Made 2020 a Banner Year for the Richest 1%","url":"https://stock-news.laohu8.com/highlight/detail?id=1185818116","media":"Bloomberg","summary":"Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw th","content":"<ul>\n <li>Top group added $4 trillion, more than a third of new wealth</li>\n <li>Americans without college degree saw their wealth share shrink</li>\n</ul>\n<p>The rich got richer in the U.S. last year, as wealth created by rebounding stock and real-estate markets skewed toward high earners.</p>\n<p>The richest 1% of households saw their net worth rise by some $4 trillion in 2020, meaning that they captured about 35% of the extra wealth generated nationwide, according to the latest quarterly study of household wealth from the Federal Reserve. The poorest half of the population, by contrast, got about 4% of overall gains.</p>\n<p><img src=\"https://static.tigerbbs.com/3fb7d460c87969b9a3e478cc06408993\" tg-width=\"954\" tg-height=\"476\"></p>\n<p>Widening wealth gaps during the pandemic have become a key driver of policy for President Joe Biden’s administration, cited by officials as a reason for the proposed tax increases on high-income groups.</p>\n<p>The following charts and tables show how U.S. household wealth gains in 2020 break down, according to the Fed data released late Friday.</p>\n<p><b>Stocks and Funds</b></p>\n<p>The wealthiest Americans benefited most from gains in stocks and mutual funds, as well as their ownership stakes in private businesses -- assets that aren’t widely owned by the bottom 90% of households.</p>\n<p><img src=\"https://static.tigerbbs.com/cbf5deef5aadcfcd5bdc1ccd787ba2b9\" tg-width=\"956\" tg-height=\"496\"></p>\n<p>Equity holdings accounted for the biggest wealth gains last year among the highest-earning households. Lower down the income ladder, other assets such as home equity or pension entitlements played a more important role.</p>\n<p><img src=\"https://static.tigerbbs.com/4f9ea2dbf4523063ae3394f55f468967\" tg-width=\"969\" tg-height=\"681\"></p>\n<p><b>Education Divide</b></p>\n<p>Households without a college degree saw their share of the nation’s net worth shrink in 2020. Holders of a degree held 71.8% of the national total at the end of last year, an increase of a full percentage point, after adding $9.3 trillion in net worth.</p>\n<p><img src=\"https://static.tigerbbs.com/060b3e03e86e30d8ff212ac576158167\" tg-width=\"918\" tg-height=\"292\"></p>\n<p>By comparison, households without a high school degree saw their wealth shrink by $111 billion. This group now holds only 1.6% of the country’s wealth, a record low in data going back to 1989.</p>\n<p><b>Age and Youth</b></p>\n<p>The share of wealth held by Americans age 55 to age 69 is being squeezed, the Fed data show, while the age-groups immediately above and below them posted gains.</p>\n<p>The 55-69 age cohort, made up of the younger portion of so-called Baby Boomers, saw its share fall to 42.8% from 43.6% a year earlier. Americansagedunder 40 fared slightly better but still hold less than 6% of the national wealth -- roughly half their share in the late 1980s.</p>\n<p><img src=\"https://static.tigerbbs.com/1975f3ec7dc6b3d02852343662bfc8bb\" tg-width=\"946\" tg-height=\"527\"></p>\n<p><b>Racial Gaps</b></p>\n<p>The challenges of racial inequality in the economy are near the top of the Biden administration’s agenda. The Fed’s data showed that wealth held by White Americans exceeded $100 trillion in 2020 for the first time, double what it was when the Great Recession ended in June 2009.</p>\n<p>Other racial groups saw their wealth increase at a broadly similar pace in 2020 -- but from a much lower base. Despite&nbsp;declining&nbsp;home homeownership rates since the pandemic, Black Americans gained almost $150 billion in real estate equity last year, the largest gain in four years.</p>\n<p><img src=\"https://static.tigerbbs.com/1b09e9c5351e5c3acb7e756885537ff9\" tg-width=\"947\" tg-height=\"428\"></p>\n<p>White Americans, who&nbsp;make up&nbsp;more than 60% of the total population, are older on average which generally means they’ve had more time to accumulate wealth. About 18.5% of the population is Hispanic and 13.4% is Black.</p>\n<p>Fed researchers have pointed out how wealth or the lack of it can be transmitted across generations. “White families are both more likely to have received an inheritance and are also more likely to expect to receive an inheritance,” according to a&nbsp;study&nbsp;published last year.</p>\n<p><b>Liquid Wealth</b></p>\n<p>One big pandemic shift that emerges from the Fed data is the tendency for higher net-worth households to keep a chunk of their wealth in the most liquid form. The total amount of checkable deposits and currency surged past $3 trillion last quarter, up from $1.2 trillion at the end of March.</p>\n<p><img src=\"https://static.tigerbbs.com/24085fd18d23d9072bd3673090b2ab74\" tg-width=\"951\" tg-height=\"530\"></p>\n<p>The increase may reflect greater caution amid the turmoil caused by Covid-19, as well as a lack of immediate spending opportunities during lockdowns.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Wealth Gains That Made 2020 a Banner Year for the Richest 1%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Wealth Gains That Made 2020 a Banner Year for the Richest 1%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 15:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw their wealth share shrink\n\nThe rich got richer in the U.S. last year, as wealth created by rebounding ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185818116","content_text":"Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw their wealth share shrink\n\nThe rich got richer in the U.S. last year, as wealth created by rebounding stock and real-estate markets skewed toward high earners.\nThe richest 1% of households saw their net worth rise by some $4 trillion in 2020, meaning that they captured about 35% of the extra wealth generated nationwide, according to the latest quarterly study of household wealth from the Federal Reserve. The poorest half of the population, by contrast, got about 4% of overall gains.\n\nWidening wealth gaps during the pandemic have become a key driver of policy for President Joe Biden’s administration, cited by officials as a reason for the proposed tax increases on high-income groups.\nThe following charts and tables show how U.S. household wealth gains in 2020 break down, according to the Fed data released late Friday.\nStocks and Funds\nThe wealthiest Americans benefited most from gains in stocks and mutual funds, as well as their ownership stakes in private businesses -- assets that aren’t widely owned by the bottom 90% of households.\n\nEquity holdings accounted for the biggest wealth gains last year among the highest-earning households. Lower down the income ladder, other assets such as home equity or pension entitlements played a more important role.\n\nEducation Divide\nHouseholds without a college degree saw their share of the nation’s net worth shrink in 2020. Holders of a degree held 71.8% of the national total at the end of last year, an increase of a full percentage point, after adding $9.3 trillion in net worth.\n\nBy comparison, households without a high school degree saw their wealth shrink by $111 billion. This group now holds only 1.6% of the country’s wealth, a record low in data going back to 1989.\nAge and Youth\nThe share of wealth held by Americans age 55 to age 69 is being squeezed, the Fed data show, while the age-groups immediately above and below them posted gains.\nThe 55-69 age cohort, made up of the younger portion of so-called Baby Boomers, saw its share fall to 42.8% from 43.6% a year earlier. Americansagedunder 40 fared slightly better but still hold less than 6% of the national wealth -- roughly half their share in the late 1980s.\n\nRacial Gaps\nThe challenges of racial inequality in the economy are near the top of the Biden administration’s agenda. The Fed’s data showed that wealth held by White Americans exceeded $100 trillion in 2020 for the first time, double what it was when the Great Recession ended in June 2009.\nOther racial groups saw their wealth increase at a broadly similar pace in 2020 -- but from a much lower base. Despite declining home homeownership rates since the pandemic, Black Americans gained almost $150 billion in real estate equity last year, the largest gain in four years.\n\nWhite Americans, who make up more than 60% of the total population, are older on average which generally means they’ve had more time to accumulate wealth. About 18.5% of the population is Hispanic and 13.4% is Black.\nFed researchers have pointed out how wealth or the lack of it can be transmitted across generations. “White families are both more likely to have received an inheritance and are also more likely to expect to receive an inheritance,” according to a study published last year.\nLiquid Wealth\nOne big pandemic shift that emerges from the Fed data is the tendency for higher net-worth households to keep a chunk of their wealth in the most liquid form. The total amount of checkable deposits and currency surged past $3 trillion last quarter, up from $1.2 trillion at the end of March.\n\nThe increase may reflect greater caution amid the turmoil caused by Covid-19, as well as a lack of immediate spending opportunities during lockdowns.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":353845211,"gmtCreate":1616486545533,"gmtModify":1704794698575,"author":{"id":"3573450191379774","authorId":"3573450191379774","name":"J5385","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3573450191379774","idStr":"3573450191379774"},"htmlText":"is nothning to them","listText":"is nothning to them","text":"is nothning to them","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353845211","repostId":1185818116,"repostType":4,"repost":{"id":"1185818116","kind":"news","pubTimestamp":1616485801,"share":"https://ttm.financial/m/news/1185818116?lang=&edition=fundamental","pubTime":"2021-03-23 15:50","market":"us","language":"en","title":"The Wealth Gains That Made 2020 a Banner Year for the Richest 1%","url":"https://stock-news.laohu8.com/highlight/detail?id=1185818116","media":"Bloomberg","summary":"Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw th","content":"<ul>\n <li>Top group added $4 trillion, more than a third of new wealth</li>\n <li>Americans without college degree saw their wealth share shrink</li>\n</ul>\n<p>The rich got richer in the U.S. last year, as wealth created by rebounding stock and real-estate markets skewed toward high earners.</p>\n<p>The richest 1% of households saw their net worth rise by some $4 trillion in 2020, meaning that they captured about 35% of the extra wealth generated nationwide, according to the latest quarterly study of household wealth from the Federal Reserve. The poorest half of the population, by contrast, got about 4% of overall gains.</p>\n<p><img src=\"https://static.tigerbbs.com/3fb7d460c87969b9a3e478cc06408993\" tg-width=\"954\" tg-height=\"476\"></p>\n<p>Widening wealth gaps during the pandemic have become a key driver of policy for President Joe Biden’s administration, cited by officials as a reason for the proposed tax increases on high-income groups.</p>\n<p>The following charts and tables show how U.S. household wealth gains in 2020 break down, according to the Fed data released late Friday.</p>\n<p><b>Stocks and Funds</b></p>\n<p>The wealthiest Americans benefited most from gains in stocks and mutual funds, as well as their ownership stakes in private businesses -- assets that aren’t widely owned by the bottom 90% of households.</p>\n<p><img src=\"https://static.tigerbbs.com/cbf5deef5aadcfcd5bdc1ccd787ba2b9\" tg-width=\"956\" tg-height=\"496\"></p>\n<p>Equity holdings accounted for the biggest wealth gains last year among the highest-earning households. Lower down the income ladder, other assets such as home equity or pension entitlements played a more important role.</p>\n<p><img src=\"https://static.tigerbbs.com/4f9ea2dbf4523063ae3394f55f468967\" tg-width=\"969\" tg-height=\"681\"></p>\n<p><b>Education Divide</b></p>\n<p>Households without a college degree saw their share of the nation’s net worth shrink in 2020. Holders of a degree held 71.8% of the national total at the end of last year, an increase of a full percentage point, after adding $9.3 trillion in net worth.</p>\n<p><img src=\"https://static.tigerbbs.com/060b3e03e86e30d8ff212ac576158167\" tg-width=\"918\" tg-height=\"292\"></p>\n<p>By comparison, households without a high school degree saw their wealth shrink by $111 billion. This group now holds only 1.6% of the country’s wealth, a record low in data going back to 1989.</p>\n<p><b>Age and Youth</b></p>\n<p>The share of wealth held by Americans age 55 to age 69 is being squeezed, the Fed data show, while the age-groups immediately above and below them posted gains.</p>\n<p>The 55-69 age cohort, made up of the younger portion of so-called Baby Boomers, saw its share fall to 42.8% from 43.6% a year earlier. Americansagedunder 40 fared slightly better but still hold less than 6% of the national wealth -- roughly half their share in the late 1980s.</p>\n<p><img src=\"https://static.tigerbbs.com/1975f3ec7dc6b3d02852343662bfc8bb\" tg-width=\"946\" tg-height=\"527\"></p>\n<p><b>Racial Gaps</b></p>\n<p>The challenges of racial inequality in the economy are near the top of the Biden administration’s agenda. The Fed’s data showed that wealth held by White Americans exceeded $100 trillion in 2020 for the first time, double what it was when the Great Recession ended in June 2009.</p>\n<p>Other racial groups saw their wealth increase at a broadly similar pace in 2020 -- but from a much lower base. Despite&nbsp;declining&nbsp;home homeownership rates since the pandemic, Black Americans gained almost $150 billion in real estate equity last year, the largest gain in four years.</p>\n<p><img src=\"https://static.tigerbbs.com/1b09e9c5351e5c3acb7e756885537ff9\" tg-width=\"947\" tg-height=\"428\"></p>\n<p>White Americans, who&nbsp;make up&nbsp;more than 60% of the total population, are older on average which generally means they’ve had more time to accumulate wealth. About 18.5% of the population is Hispanic and 13.4% is Black.</p>\n<p>Fed researchers have pointed out how wealth or the lack of it can be transmitted across generations. “White families are both more likely to have received an inheritance and are also more likely to expect to receive an inheritance,” according to a&nbsp;study&nbsp;published last year.</p>\n<p><b>Liquid Wealth</b></p>\n<p>One big pandemic shift that emerges from the Fed data is the tendency for higher net-worth households to keep a chunk of their wealth in the most liquid form. The total amount of checkable deposits and currency surged past $3 trillion last quarter, up from $1.2 trillion at the end of March.</p>\n<p><img src=\"https://static.tigerbbs.com/24085fd18d23d9072bd3673090b2ab74\" tg-width=\"951\" tg-height=\"530\"></p>\n<p>The increase may reflect greater caution amid the turmoil caused by Covid-19, as well as a lack of immediate spending opportunities during lockdowns.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Wealth Gains That Made 2020 a Banner Year for the Richest 1%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Wealth Gains That Made 2020 a Banner Year for the Richest 1%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 15:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw their wealth share shrink\n\nThe rich got richer in the U.S. last year, as wealth created by rebounding ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185818116","content_text":"Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw their wealth share shrink\n\nThe rich got richer in the U.S. last year, as wealth created by rebounding stock and real-estate markets skewed toward high earners.\nThe richest 1% of households saw their net worth rise by some $4 trillion in 2020, meaning that they captured about 35% of the extra wealth generated nationwide, according to the latest quarterly study of household wealth from the Federal Reserve. The poorest half of the population, by contrast, got about 4% of overall gains.\n\nWidening wealth gaps during the pandemic have become a key driver of policy for President Joe Biden’s administration, cited by officials as a reason for the proposed tax increases on high-income groups.\nThe following charts and tables show how U.S. household wealth gains in 2020 break down, according to the Fed data released late Friday.\nStocks and Funds\nThe wealthiest Americans benefited most from gains in stocks and mutual funds, as well as their ownership stakes in private businesses -- assets that aren’t widely owned by the bottom 90% of households.\n\nEquity holdings accounted for the biggest wealth gains last year among the highest-earning households. Lower down the income ladder, other assets such as home equity or pension entitlements played a more important role.\n\nEducation Divide\nHouseholds without a college degree saw their share of the nation’s net worth shrink in 2020. Holders of a degree held 71.8% of the national total at the end of last year, an increase of a full percentage point, after adding $9.3 trillion in net worth.\n\nBy comparison, households without a high school degree saw their wealth shrink by $111 billion. This group now holds only 1.6% of the country’s wealth, a record low in data going back to 1989.\nAge and Youth\nThe share of wealth held by Americans age 55 to age 69 is being squeezed, the Fed data show, while the age-groups immediately above and below them posted gains.\nThe 55-69 age cohort, made up of the younger portion of so-called Baby Boomers, saw its share fall to 42.8% from 43.6% a year earlier. Americansagedunder 40 fared slightly better but still hold less than 6% of the national wealth -- roughly half their share in the late 1980s.\n\nRacial Gaps\nThe challenges of racial inequality in the economy are near the top of the Biden administration’s agenda. The Fed’s data showed that wealth held by White Americans exceeded $100 trillion in 2020 for the first time, double what it was when the Great Recession ended in June 2009.\nOther racial groups saw their wealth increase at a broadly similar pace in 2020 -- but from a much lower base. Despite declining home homeownership rates since the pandemic, Black Americans gained almost $150 billion in real estate equity last year, the largest gain in four years.\n\nWhite Americans, who make up more than 60% of the total population, are older on average which generally means they’ve had more time to accumulate wealth. About 18.5% of the population is Hispanic and 13.4% is Black.\nFed researchers have pointed out how wealth or the lack of it can be transmitted across generations. “White families are both more likely to have received an inheritance and are also more likely to expect to receive an inheritance,” according to a study published last year.\nLiquid Wealth\nOne big pandemic shift that emerges from the Fed data is the tendency for higher net-worth households to keep a chunk of their wealth in the most liquid form. The total amount of checkable deposits and currency surged past $3 trillion last quarter, up from $1.2 trillion at the end of March.\n\nThe increase may reflect greater caution amid the turmoil caused by Covid-19, as well as a lack of immediate spending opportunities during lockdowns.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":353845395,"gmtCreate":1616486491917,"gmtModify":1704794698089,"author":{"id":"3576232257279797","authorId":"3576232257279797","name":"dandan_4896","avatar":"https://static.tigerbbs.com/d8b00e27a4dd6f248e38c3d78f21f188","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3576232257279797","idStr":"3576232257279797"},"htmlText":"I love u","listText":"I love u","text":"I love u","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/353845395","repostId":1185818116,"repostType":4,"repost":{"id":"1185818116","kind":"news","pubTimestamp":1616485801,"share":"https://ttm.financial/m/news/1185818116?lang=&edition=fundamental","pubTime":"2021-03-23 15:50","market":"us","language":"en","title":"The Wealth Gains That Made 2020 a Banner Year for the Richest 1%","url":"https://stock-news.laohu8.com/highlight/detail?id=1185818116","media":"Bloomberg","summary":"Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw th","content":"<ul>\n <li>Top group added $4 trillion, more than a third of new wealth</li>\n <li>Americans without college degree saw their wealth share shrink</li>\n</ul>\n<p>The rich got richer in the U.S. last year, as wealth created by rebounding stock and real-estate markets skewed toward high earners.</p>\n<p>The richest 1% of households saw their net worth rise by some $4 trillion in 2020, meaning that they captured about 35% of the extra wealth generated nationwide, according to the latest quarterly study of household wealth from the Federal Reserve. The poorest half of the population, by contrast, got about 4% of overall gains.</p>\n<p><img src=\"https://static.tigerbbs.com/3fb7d460c87969b9a3e478cc06408993\" tg-width=\"954\" tg-height=\"476\"></p>\n<p>Widening wealth gaps during the pandemic have become a key driver of policy for President Joe Biden’s administration, cited by officials as a reason for the proposed tax increases on high-income groups.</p>\n<p>The following charts and tables show how U.S. household wealth gains in 2020 break down, according to the Fed data released late Friday.</p>\n<p><b>Stocks and Funds</b></p>\n<p>The wealthiest Americans benefited most from gains in stocks and mutual funds, as well as their ownership stakes in private businesses -- assets that aren’t widely owned by the bottom 90% of households.</p>\n<p><img src=\"https://static.tigerbbs.com/cbf5deef5aadcfcd5bdc1ccd787ba2b9\" tg-width=\"956\" tg-height=\"496\"></p>\n<p>Equity holdings accounted for the biggest wealth gains last year among the highest-earning households. Lower down the income ladder, other assets such as home equity or pension entitlements played a more important role.</p>\n<p><img src=\"https://static.tigerbbs.com/4f9ea2dbf4523063ae3394f55f468967\" tg-width=\"969\" tg-height=\"681\"></p>\n<p><b>Education Divide</b></p>\n<p>Households without a college degree saw their share of the nation’s net worth shrink in 2020. Holders of a degree held 71.8% of the national total at the end of last year, an increase of a full percentage point, after adding $9.3 trillion in net worth.</p>\n<p><img src=\"https://static.tigerbbs.com/060b3e03e86e30d8ff212ac576158167\" tg-width=\"918\" tg-height=\"292\"></p>\n<p>By comparison, households without a high school degree saw their wealth shrink by $111 billion. This group now holds only 1.6% of the country’s wealth, a record low in data going back to 1989.</p>\n<p><b>Age and Youth</b></p>\n<p>The share of wealth held by Americans age 55 to age 69 is being squeezed, the Fed data show, while the age-groups immediately above and below them posted gains.</p>\n<p>The 55-69 age cohort, made up of the younger portion of so-called Baby Boomers, saw its share fall to 42.8% from 43.6% a year earlier. Americansagedunder 40 fared slightly better but still hold less than 6% of the national wealth -- roughly half their share in the late 1980s.</p>\n<p><img src=\"https://static.tigerbbs.com/1975f3ec7dc6b3d02852343662bfc8bb\" tg-width=\"946\" tg-height=\"527\"></p>\n<p><b>Racial Gaps</b></p>\n<p>The challenges of racial inequality in the economy are near the top of the Biden administration’s agenda. The Fed’s data showed that wealth held by White Americans exceeded $100 trillion in 2020 for the first time, double what it was when the Great Recession ended in June 2009.</p>\n<p>Other racial groups saw their wealth increase at a broadly similar pace in 2020 -- but from a much lower base. Despite&nbsp;declining&nbsp;home homeownership rates since the pandemic, Black Americans gained almost $150 billion in real estate equity last year, the largest gain in four years.</p>\n<p><img src=\"https://static.tigerbbs.com/1b09e9c5351e5c3acb7e756885537ff9\" tg-width=\"947\" tg-height=\"428\"></p>\n<p>White Americans, who&nbsp;make up&nbsp;more than 60% of the total population, are older on average which generally means they’ve had more time to accumulate wealth. About 18.5% of the population is Hispanic and 13.4% is Black.</p>\n<p>Fed researchers have pointed out how wealth or the lack of it can be transmitted across generations. “White families are both more likely to have received an inheritance and are also more likely to expect to receive an inheritance,” according to a&nbsp;study&nbsp;published last year.</p>\n<p><b>Liquid Wealth</b></p>\n<p>One big pandemic shift that emerges from the Fed data is the tendency for higher net-worth households to keep a chunk of their wealth in the most liquid form. The total amount of checkable deposits and currency surged past $3 trillion last quarter, up from $1.2 trillion at the end of March.</p>\n<p><img src=\"https://static.tigerbbs.com/24085fd18d23d9072bd3673090b2ab74\" tg-width=\"951\" tg-height=\"530\"></p>\n<p>The increase may reflect greater caution amid the turmoil caused by Covid-19, as well as a lack of immediate spending opportunities during lockdowns.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Wealth Gains That Made 2020 a Banner Year for the Richest 1%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Wealth Gains That Made 2020 a Banner Year for the Richest 1%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 15:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw their wealth share shrink\n\nThe rich got richer in the U.S. last year, as wealth created by rebounding ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185818116","content_text":"Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw their wealth share shrink\n\nThe rich got richer in the U.S. last year, as wealth created by rebounding stock and real-estate markets skewed toward high earners.\nThe richest 1% of households saw their net worth rise by some $4 trillion in 2020, meaning that they captured about 35% of the extra wealth generated nationwide, according to the latest quarterly study of household wealth from the Federal Reserve. The poorest half of the population, by contrast, got about 4% of overall gains.\n\nWidening wealth gaps during the pandemic have become a key driver of policy for President Joe Biden’s administration, cited by officials as a reason for the proposed tax increases on high-income groups.\nThe following charts and tables show how U.S. household wealth gains in 2020 break down, according to the Fed data released late Friday.\nStocks and Funds\nThe wealthiest Americans benefited most from gains in stocks and mutual funds, as well as their ownership stakes in private businesses -- assets that aren’t widely owned by the bottom 90% of households.\n\nEquity holdings accounted for the biggest wealth gains last year among the highest-earning households. Lower down the income ladder, other assets such as home equity or pension entitlements played a more important role.\n\nEducation Divide\nHouseholds without a college degree saw their share of the nation’s net worth shrink in 2020. Holders of a degree held 71.8% of the national total at the end of last year, an increase of a full percentage point, after adding $9.3 trillion in net worth.\n\nBy comparison, households without a high school degree saw their wealth shrink by $111 billion. This group now holds only 1.6% of the country’s wealth, a record low in data going back to 1989.\nAge and Youth\nThe share of wealth held by Americans age 55 to age 69 is being squeezed, the Fed data show, while the age-groups immediately above and below them posted gains.\nThe 55-69 age cohort, made up of the younger portion of so-called Baby Boomers, saw its share fall to 42.8% from 43.6% a year earlier. Americansagedunder 40 fared slightly better but still hold less than 6% of the national wealth -- roughly half their share in the late 1980s.\n\nRacial Gaps\nThe challenges of racial inequality in the economy are near the top of the Biden administration’s agenda. The Fed’s data showed that wealth held by White Americans exceeded $100 trillion in 2020 for the first time, double what it was when the Great Recession ended in June 2009.\nOther racial groups saw their wealth increase at a broadly similar pace in 2020 -- but from a much lower base. Despite declining home homeownership rates since the pandemic, Black Americans gained almost $150 billion in real estate equity last year, the largest gain in four years.\n\nWhite Americans, who make up more than 60% of the total population, are older on average which generally means they’ve had more time to accumulate wealth. About 18.5% of the population is Hispanic and 13.4% is Black.\nFed researchers have pointed out how wealth or the lack of it can be transmitted across generations. “White families are both more likely to have received an inheritance and are also more likely to expect to receive an inheritance,” according to a study published last year.\nLiquid Wealth\nOne big pandemic shift that emerges from the Fed data is the tendency for higher net-worth households to keep a chunk of their wealth in the most liquid form. The total amount of checkable deposits and currency surged past $3 trillion last quarter, up from $1.2 trillion at the end of March.\n\nThe increase may reflect greater caution amid the turmoil caused by Covid-19, as well as a lack of immediate spending opportunities during lockdowns.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3861486,"gmtCreate":1616488727537,"gmtModify":1680781398556,"authorId":3575368380492738,"author":{"id":3575368380492738,"idStr":"3575368380492738","authorId":3575368380492738,"name":"XiaTian","avatar":"https://community-static.tradeup.com/news/71777f1a5ae276e73064272b5ae7df92","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.22%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":353845395,"type":1,"supId":0,"prevId":0,"content":"[微笑]","text":"[微笑]","html":"[微笑]"},{"id":3861232,"gmtCreate":1616486572647,"gmtModify":1680781386919,"authorId":3573450191379774,"author":{"id":3573450191379774,"idStr":"3573450191379774","authorId":3573450191379774,"name":"J5385","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":353845395,"type":1,"supId":0,"prevId":0,"content":"<u>like</u>","text":"<u>like</u>","html":"<u>like</u>"}],"langContent":"EN"},{"id":353841415,"gmtCreate":1616486014937,"gmtModify":1704794692734,"author":{"id":"3566850909705069","authorId":"3566850909705069","name":"chiew","avatar":"https://static.tigerbbs.com/6a955817d8518ffedcf0489868ef4a98","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3566850909705069","idStr":"3566850909705069"},"htmlText":"More","listText":"More","text":"More","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/353841415","repostId":1185818116,"repostType":4,"repost":{"id":"1185818116","kind":"news","pubTimestamp":1616485801,"share":"https://ttm.financial/m/news/1185818116?lang=&edition=fundamental","pubTime":"2021-03-23 15:50","market":"us","language":"en","title":"The Wealth Gains That Made 2020 a Banner Year for the Richest 1%","url":"https://stock-news.laohu8.com/highlight/detail?id=1185818116","media":"Bloomberg","summary":"Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw th","content":"<ul>\n <li>Top group added $4 trillion, more than a third of new wealth</li>\n <li>Americans without college degree saw their wealth share shrink</li>\n</ul>\n<p>The rich got richer in the U.S. last year, as wealth created by rebounding stock and real-estate markets skewed toward high earners.</p>\n<p>The richest 1% of households saw their net worth rise by some $4 trillion in 2020, meaning that they captured about 35% of the extra wealth generated nationwide, according to the latest quarterly study of household wealth from the Federal Reserve. The poorest half of the population, by contrast, got about 4% of overall gains.</p>\n<p><img src=\"https://static.tigerbbs.com/3fb7d460c87969b9a3e478cc06408993\" tg-width=\"954\" tg-height=\"476\"></p>\n<p>Widening wealth gaps during the pandemic have become a key driver of policy for President Joe Biden’s administration, cited by officials as a reason for the proposed tax increases on high-income groups.</p>\n<p>The following charts and tables show how U.S. household wealth gains in 2020 break down, according to the Fed data released late Friday.</p>\n<p><b>Stocks and Funds</b></p>\n<p>The wealthiest Americans benefited most from gains in stocks and mutual funds, as well as their ownership stakes in private businesses -- assets that aren’t widely owned by the bottom 90% of households.</p>\n<p><img src=\"https://static.tigerbbs.com/cbf5deef5aadcfcd5bdc1ccd787ba2b9\" tg-width=\"956\" tg-height=\"496\"></p>\n<p>Equity holdings accounted for the biggest wealth gains last year among the highest-earning households. Lower down the income ladder, other assets such as home equity or pension entitlements played a more important role.</p>\n<p><img src=\"https://static.tigerbbs.com/4f9ea2dbf4523063ae3394f55f468967\" tg-width=\"969\" tg-height=\"681\"></p>\n<p><b>Education Divide</b></p>\n<p>Households without a college degree saw their share of the nation’s net worth shrink in 2020. Holders of a degree held 71.8% of the national total at the end of last year, an increase of a full percentage point, after adding $9.3 trillion in net worth.</p>\n<p><img src=\"https://static.tigerbbs.com/060b3e03e86e30d8ff212ac576158167\" tg-width=\"918\" tg-height=\"292\"></p>\n<p>By comparison, households without a high school degree saw their wealth shrink by $111 billion. This group now holds only 1.6% of the country’s wealth, a record low in data going back to 1989.</p>\n<p><b>Age and Youth</b></p>\n<p>The share of wealth held by Americans age 55 to age 69 is being squeezed, the Fed data show, while the age-groups immediately above and below them posted gains.</p>\n<p>The 55-69 age cohort, made up of the younger portion of so-called Baby Boomers, saw its share fall to 42.8% from 43.6% a year earlier. Americansagedunder 40 fared slightly better but still hold less than 6% of the national wealth -- roughly half their share in the late 1980s.</p>\n<p><img src=\"https://static.tigerbbs.com/1975f3ec7dc6b3d02852343662bfc8bb\" tg-width=\"946\" tg-height=\"527\"></p>\n<p><b>Racial Gaps</b></p>\n<p>The challenges of racial inequality in the economy are near the top of the Biden administration’s agenda. The Fed’s data showed that wealth held by White Americans exceeded $100 trillion in 2020 for the first time, double what it was when the Great Recession ended in June 2009.</p>\n<p>Other racial groups saw their wealth increase at a broadly similar pace in 2020 -- but from a much lower base. Despite&nbsp;declining&nbsp;home homeownership rates since the pandemic, Black Americans gained almost $150 billion in real estate equity last year, the largest gain in four years.</p>\n<p><img src=\"https://static.tigerbbs.com/1b09e9c5351e5c3acb7e756885537ff9\" tg-width=\"947\" tg-height=\"428\"></p>\n<p>White Americans, who&nbsp;make up&nbsp;more than 60% of the total population, are older on average which generally means they’ve had more time to accumulate wealth. About 18.5% of the population is Hispanic and 13.4% is Black.</p>\n<p>Fed researchers have pointed out how wealth or the lack of it can be transmitted across generations. “White families are both more likely to have received an inheritance and are also more likely to expect to receive an inheritance,” according to a&nbsp;study&nbsp;published last year.</p>\n<p><b>Liquid Wealth</b></p>\n<p>One big pandemic shift that emerges from the Fed data is the tendency for higher net-worth households to keep a chunk of their wealth in the most liquid form. The total amount of checkable deposits and currency surged past $3 trillion last quarter, up from $1.2 trillion at the end of March.</p>\n<p><img src=\"https://static.tigerbbs.com/24085fd18d23d9072bd3673090b2ab74\" tg-width=\"951\" tg-height=\"530\"></p>\n<p>The increase may reflect greater caution amid the turmoil caused by Covid-19, as well as a lack of immediate spending opportunities during lockdowns.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Wealth Gains That Made 2020 a Banner Year for the Richest 1%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Wealth Gains That Made 2020 a Banner Year for the Richest 1%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 15:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw their wealth share shrink\n\nThe rich got richer in the U.S. last year, as wealth created by rebounding ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185818116","content_text":"Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw their wealth share shrink\n\nThe rich got richer in the U.S. last year, as wealth created by rebounding stock and real-estate markets skewed toward high earners.\nThe richest 1% of households saw their net worth rise by some $4 trillion in 2020, meaning that they captured about 35% of the extra wealth generated nationwide, according to the latest quarterly study of household wealth from the Federal Reserve. The poorest half of the population, by contrast, got about 4% of overall gains.\n\nWidening wealth gaps during the pandemic have become a key driver of policy for President Joe Biden’s administration, cited by officials as a reason for the proposed tax increases on high-income groups.\nThe following charts and tables show how U.S. household wealth gains in 2020 break down, according to the Fed data released late Friday.\nStocks and Funds\nThe wealthiest Americans benefited most from gains in stocks and mutual funds, as well as their ownership stakes in private businesses -- assets that aren’t widely owned by the bottom 90% of households.\n\nEquity holdings accounted for the biggest wealth gains last year among the highest-earning households. Lower down the income ladder, other assets such as home equity or pension entitlements played a more important role.\n\nEducation Divide\nHouseholds without a college degree saw their share of the nation’s net worth shrink in 2020. Holders of a degree held 71.8% of the national total at the end of last year, an increase of a full percentage point, after adding $9.3 trillion in net worth.\n\nBy comparison, households without a high school degree saw their wealth shrink by $111 billion. This group now holds only 1.6% of the country’s wealth, a record low in data going back to 1989.\nAge and Youth\nThe share of wealth held by Americans age 55 to age 69 is being squeezed, the Fed data show, while the age-groups immediately above and below them posted gains.\nThe 55-69 age cohort, made up of the younger portion of so-called Baby Boomers, saw its share fall to 42.8% from 43.6% a year earlier. Americansagedunder 40 fared slightly better but still hold less than 6% of the national wealth -- roughly half their share in the late 1980s.\n\nRacial Gaps\nThe challenges of racial inequality in the economy are near the top of the Biden administration’s agenda. The Fed’s data showed that wealth held by White Americans exceeded $100 trillion in 2020 for the first time, double what it was when the Great Recession ended in June 2009.\nOther racial groups saw their wealth increase at a broadly similar pace in 2020 -- but from a much lower base. Despite declining home homeownership rates since the pandemic, Black Americans gained almost $150 billion in real estate equity last year, the largest gain in four years.\n\nWhite Americans, who make up more than 60% of the total population, are older on average which generally means they’ve had more time to accumulate wealth. About 18.5% of the population is Hispanic and 13.4% is Black.\nFed researchers have pointed out how wealth or the lack of it can be transmitted across generations. “White families are both more likely to have received an inheritance and are also more likely to expect to receive an inheritance,” according to a study published last year.\nLiquid Wealth\nOne big pandemic shift that emerges from the Fed data is the tendency for higher net-worth households to keep a chunk of their wealth in the most liquid form. The total amount of checkable deposits and currency surged past $3 trillion last quarter, up from $1.2 trillion at the end of March.\n\nThe increase may reflect greater caution amid the turmoil caused by Covid-19, as well as a lack of immediate spending opportunities during lockdowns.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3861224,"gmtCreate":1616486510050,"gmtModify":1680781389761,"authorId":3576232257279797,"author":{"id":3576232257279797,"idStr":"3576232257279797","authorId":3576232257279797,"name":"dandan_4896","avatar":"https://static.tigerbbs.com/d8b00e27a4dd6f248e38c3d78f21f188","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":353841415,"type":1,"supId":3861196,"prevId":0,"content":"and i love u more and more","text":"and i love u more and more","html":"and i love u more and more"},{"id":3861196,"gmtCreate":1616486157233,"gmtModify":1680781388091,"authorId":3564876523975472,"author":{"id":3564876523975472,"idStr":"3564876523975472","authorId":3564876523975472,"name":"Poggki","avatar":"https://static.tigerbbs.com/96397c64f0a59449e5573036608f7d30","vip":1,"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":353841415,"type":1,"supId":0,"prevId":0,"content":"yes, more and <u>more</u>","text":"yes, more and <u>more</u>","html":"yes, more and <u>more</u>"}],"langContent":"EN"},{"id":353843440,"gmtCreate":1616485845180,"gmtModify":1704794691282,"author":{"id":"3571036752907389","authorId":"3571036752907389","name":"s3nGz","avatar":"https://static.tigerbbs.com/c929cbe961a8fd811e48f9d875c5796c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3571036752907389","idStr":"3571036752907389"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/353843440","repostId":1185818116,"repostType":4,"repost":{"id":"1185818116","kind":"news","pubTimestamp":1616485801,"share":"https://ttm.financial/m/news/1185818116?lang=&edition=fundamental","pubTime":"2021-03-23 15:50","market":"us","language":"en","title":"The Wealth Gains That Made 2020 a Banner Year for the Richest 1%","url":"https://stock-news.laohu8.com/highlight/detail?id=1185818116","media":"Bloomberg","summary":"Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw th","content":"<ul>\n <li>Top group added $4 trillion, more than a third of new wealth</li>\n <li>Americans without college degree saw their wealth share shrink</li>\n</ul>\n<p>The rich got richer in the U.S. last year, as wealth created by rebounding stock and real-estate markets skewed toward high earners.</p>\n<p>The richest 1% of households saw their net worth rise by some $4 trillion in 2020, meaning that they captured about 35% of the extra wealth generated nationwide, according to the latest quarterly study of household wealth from the Federal Reserve. The poorest half of the population, by contrast, got about 4% of overall gains.</p>\n<p><img src=\"https://static.tigerbbs.com/3fb7d460c87969b9a3e478cc06408993\" tg-width=\"954\" tg-height=\"476\"></p>\n<p>Widening wealth gaps during the pandemic have become a key driver of policy for President Joe Biden’s administration, cited by officials as a reason for the proposed tax increases on high-income groups.</p>\n<p>The following charts and tables show how U.S. household wealth gains in 2020 break down, according to the Fed data released late Friday.</p>\n<p><b>Stocks and Funds</b></p>\n<p>The wealthiest Americans benefited most from gains in stocks and mutual funds, as well as their ownership stakes in private businesses -- assets that aren’t widely owned by the bottom 90% of households.</p>\n<p><img src=\"https://static.tigerbbs.com/cbf5deef5aadcfcd5bdc1ccd787ba2b9\" tg-width=\"956\" tg-height=\"496\"></p>\n<p>Equity holdings accounted for the biggest wealth gains last year among the highest-earning households. Lower down the income ladder, other assets such as home equity or pension entitlements played a more important role.</p>\n<p><img src=\"https://static.tigerbbs.com/4f9ea2dbf4523063ae3394f55f468967\" tg-width=\"969\" tg-height=\"681\"></p>\n<p><b>Education Divide</b></p>\n<p>Households without a college degree saw their share of the nation’s net worth shrink in 2020. Holders of a degree held 71.8% of the national total at the end of last year, an increase of a full percentage point, after adding $9.3 trillion in net worth.</p>\n<p><img src=\"https://static.tigerbbs.com/060b3e03e86e30d8ff212ac576158167\" tg-width=\"918\" tg-height=\"292\"></p>\n<p>By comparison, households without a high school degree saw their wealth shrink by $111 billion. This group now holds only 1.6% of the country’s wealth, a record low in data going back to 1989.</p>\n<p><b>Age and Youth</b></p>\n<p>The share of wealth held by Americans age 55 to age 69 is being squeezed, the Fed data show, while the age-groups immediately above and below them posted gains.</p>\n<p>The 55-69 age cohort, made up of the younger portion of so-called Baby Boomers, saw its share fall to 42.8% from 43.6% a year earlier. Americansagedunder 40 fared slightly better but still hold less than 6% of the national wealth -- roughly half their share in the late 1980s.</p>\n<p><img src=\"https://static.tigerbbs.com/1975f3ec7dc6b3d02852343662bfc8bb\" tg-width=\"946\" tg-height=\"527\"></p>\n<p><b>Racial Gaps</b></p>\n<p>The challenges of racial inequality in the economy are near the top of the Biden administration’s agenda. The Fed’s data showed that wealth held by White Americans exceeded $100 trillion in 2020 for the first time, double what it was when the Great Recession ended in June 2009.</p>\n<p>Other racial groups saw their wealth increase at a broadly similar pace in 2020 -- but from a much lower base. Despite&nbsp;declining&nbsp;home homeownership rates since the pandemic, Black Americans gained almost $150 billion in real estate equity last year, the largest gain in four years.</p>\n<p><img src=\"https://static.tigerbbs.com/1b09e9c5351e5c3acb7e756885537ff9\" tg-width=\"947\" tg-height=\"428\"></p>\n<p>White Americans, who&nbsp;make up&nbsp;more than 60% of the total population, are older on average which generally means they’ve had more time to accumulate wealth. About 18.5% of the population is Hispanic and 13.4% is Black.</p>\n<p>Fed researchers have pointed out how wealth or the lack of it can be transmitted across generations. “White families are both more likely to have received an inheritance and are also more likely to expect to receive an inheritance,” according to a&nbsp;study&nbsp;published last year.</p>\n<p><b>Liquid Wealth</b></p>\n<p>One big pandemic shift that emerges from the Fed data is the tendency for higher net-worth households to keep a chunk of their wealth in the most liquid form. The total amount of checkable deposits and currency surged past $3 trillion last quarter, up from $1.2 trillion at the end of March.</p>\n<p><img src=\"https://static.tigerbbs.com/24085fd18d23d9072bd3673090b2ab74\" tg-width=\"951\" tg-height=\"530\"></p>\n<p>The increase may reflect greater caution amid the turmoil caused by Covid-19, as well as a lack of immediate spending opportunities during lockdowns.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Wealth Gains That Made 2020 a Banner Year for the Richest 1%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Wealth Gains That Made 2020 a Banner Year for the Richest 1%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 15:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw their wealth share shrink\n\nThe rich got richer in the U.S. last year, as wealth created by rebounding ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"http://bloomberg.com/news/articles/2021-03-22/the-wealth-gains-that-made-2020-a-banner-year-for-the-richest-1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185818116","content_text":"Top group added $4 trillion, more than a third of new wealth\nAmericans without college degree saw their wealth share shrink\n\nThe rich got richer in the U.S. last year, as wealth created by rebounding stock and real-estate markets skewed toward high earners.\nThe richest 1% of households saw their net worth rise by some $4 trillion in 2020, meaning that they captured about 35% of the extra wealth generated nationwide, according to the latest quarterly study of household wealth from the Federal Reserve. The poorest half of the population, by contrast, got about 4% of overall gains.\n\nWidening wealth gaps during the pandemic have become a key driver of policy for President Joe Biden’s administration, cited by officials as a reason for the proposed tax increases on high-income groups.\nThe following charts and tables show how U.S. household wealth gains in 2020 break down, according to the Fed data released late Friday.\nStocks and Funds\nThe wealthiest Americans benefited most from gains in stocks and mutual funds, as well as their ownership stakes in private businesses -- assets that aren’t widely owned by the bottom 90% of households.\n\nEquity holdings accounted for the biggest wealth gains last year among the highest-earning households. Lower down the income ladder, other assets such as home equity or pension entitlements played a more important role.\n\nEducation Divide\nHouseholds without a college degree saw their share of the nation’s net worth shrink in 2020. Holders of a degree held 71.8% of the national total at the end of last year, an increase of a full percentage point, after adding $9.3 trillion in net worth.\n\nBy comparison, households without a high school degree saw their wealth shrink by $111 billion. This group now holds only 1.6% of the country’s wealth, a record low in data going back to 1989.\nAge and Youth\nThe share of wealth held by Americans age 55 to age 69 is being squeezed, the Fed data show, while the age-groups immediately above and below them posted gains.\nThe 55-69 age cohort, made up of the younger portion of so-called Baby Boomers, saw its share fall to 42.8% from 43.6% a year earlier. Americansagedunder 40 fared slightly better but still hold less than 6% of the national wealth -- roughly half their share in the late 1980s.\n\nRacial Gaps\nThe challenges of racial inequality in the economy are near the top of the Biden administration’s agenda. The Fed’s data showed that wealth held by White Americans exceeded $100 trillion in 2020 for the first time, double what it was when the Great Recession ended in June 2009.\nOther racial groups saw their wealth increase at a broadly similar pace in 2020 -- but from a much lower base. Despite declining home homeownership rates since the pandemic, Black Americans gained almost $150 billion in real estate equity last year, the largest gain in four years.\n\nWhite Americans, who make up more than 60% of the total population, are older on average which generally means they’ve had more time to accumulate wealth. About 18.5% of the population is Hispanic and 13.4% is Black.\nFed researchers have pointed out how wealth or the lack of it can be transmitted across generations. “White families are both more likely to have received an inheritance and are also more likely to expect to receive an inheritance,” according to a study published last year.\nLiquid Wealth\nOne big pandemic shift that emerges from the Fed data is the tendency for higher net-worth households to keep a chunk of their wealth in the most liquid form. The total amount of checkable deposits and currency surged past $3 trillion last quarter, up from $1.2 trillion at the end of March.\n\nThe increase may reflect greater caution amid the turmoil caused by Covid-19, as well as a lack of immediate spending opportunities during lockdowns.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3861197,"gmtCreate":1616486164024,"gmtModify":1680781388643,"authorId":3564876523975472,"author":{"id":3564876523975472,"idStr":"3564876523975472","authorId":3564876523975472,"name":"Poggki","avatar":"https://static.tigerbbs.com/96397c64f0a59449e5573036608f7d30","vip":1,"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":353843440,"type":1,"supId":0,"prevId":0,"content":"totally!","text":"totally!","html":"totally!"},{"id":3861177,"gmtCreate":1616485944460,"gmtModify":1680781388447,"authorId":3571036752907389,"author":{"id":3571036752907389,"idStr":"3571036752907389","authorId":3571036752907389,"name":"s3nGz","avatar":"https://static.tigerbbs.com/c929cbe961a8fd811e48f9d875c5796c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":353843440,"type":1,"supId":3861176,"prevId":0,"content":"vff","text":"vff","html":"vff"},{"id":3861176,"gmtCreate":1616485934909,"gmtModify":1680781387085,"authorId":3571036752907389,"author":{"id":3571036752907389,"idStr":"3571036752907389","authorId":3571036752907389,"name":"s3nGz","avatar":"https://static.tigerbbs.com/c929cbe961a8fd811e48f9d875c5796c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":353843440,"type":1,"supId":0,"prevId":0,"content":"xc","text":"xc","html":"xc"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":9,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}