The Wealth of U.S. Households

The wealth of all U.S. households was reported by the U.S. government in 1992 for the years 1963, 1983, 1989, and 1992.. These households were divided into three groups: the 90% group; the 9% group; and the 1% group. Below I show that the wealth of these three groups have about one-third of the national wealth and vary occasionally. Number 1 represents 1963; number 2 represents 1983; number 3 represents 1989; and number 4 represents 1992.

90% group------- 9% group------- 1% group

1. 36.1%------------ 32%--------------- 31.8%
   
2. 33.4%------------ 35.1%------------- 31.5%
   
3. 30.7%------------ 33.1%------------- 36.2%
   
4. 32.8%------------ 36.8%------------- 32.4%

This data was published by Kennickell, Arthur B. and R. Louise Woodburn (April 1992) "Estimation of Household net Worth Using Model-based and Design-based Weights" and (2) Kennickell, Arthur B., Douglas A. McManus, and R. Louise Woodburn (March 1996) "Weighting Design for the 1992 Survey of Consumer Finances," Washington, D.C., Federal Reserve System.

Since almost 20 years have passed since this data was reported, a new report seems to be appropriate because the 1% group has increased to 2% and the 9% group seems to be decreasing. Further, new questions can be asked. For instance, many owners of companies have died. Such deaths open up new wealthy jobs called 'the CEO.' Many questions can be asked about these wealthy jobs such as, 'Is the U.S. developing a slave state? Or we could ask, 'Is the 2% group controlling the future of the USA?; I conclude that the current distribution of the U.S, wealth is violating the founding documents. And if you believe in reincarnation, the current division of U.S. wealth will give very few babies the chance of becoming wealthy at all.