(WASHINGTON) — The average American household has a net worth of just under $69,000, according to a new report from the Census Bureau. That’s a 7 percent decline over the past decade.
And, the report finds, the gap between the rich and the poor is getting wider.
While the rich continue getting richer, the poor are worse off than before the Great Recession. Between 2000 and 2011, the bottom 20 percent fell deeper in debt, and now have an average net worth of negative $6,029.
The richest Americans, meanwhile, have a positive net worth averaging more than $630,000. That’s an increase of 11 percent.
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