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Fed Data Shows Wealth Gap Widening for Bottom Households

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Story summary
  • The Federal Reserve (Fed) reported median family income rose 7% to $82,200 during 2022-2025.
  • Top-10% of U.S. households held over 50 times the wealth of the bottom-20%.
  • Bottom-quartile families’ net worth fell more than 50%, from $3,800 to $1,700.
  • Median debt-payment share of income rose to 15.4%.
  • Median Black family wealth dropped 25%, leaving Black Americans with one-seventh the wealth of Whites.