Rich people are more likely to have more wealth than poor people, but they also tend to be wealthier than middle-class Americans, according to a new study published in the American Journal of Sociology.
A survey of over 11,000 American adults, conducted by the University of Southern California, found that people with more than $10 million in net worth, including hedge fund managers and billionaires, are more than four times as likely to be rich as people with $1 million or less.
This is a significant gap, according the study’s lead author, Jennifer L. Stempel.
“These findings demonstrate that the gap between the rich and poor in the United States is not merely an economic one,” she said in a statement.
“The gap is more political and cultural.”
Rich people have more than double the wealth of poor people in the U.S., the study found.
This includes nearly $3 trillion in assets and assets held by hedge fund and private equity firms.
They also have a much higher percentage of wealth than the average American, the study reported.
“It’s a very different situation from the U.” said Luella M. Marder, professor of sociology at USC.
“That’s really important to recognize, because people are very aware of inequality, and it’s quite hard to come up with an economic explanation for it.” “
A study from last year found that in America, more than 60 percent of Americans live in a household with income below the federal poverty level, or roughly $23,000 for a family of four. “
That’s really important to recognize, because people are very aware of inequality, and it’s quite hard to come up with an economic explanation for it.”
A study from last year found that in America, more than 60 percent of Americans live in a household with income below the federal poverty level, or roughly $23,000 for a family of four.
The median household income in the country is $54,700, according data from the Census Bureau.
The researchers noted that many rich people live in communities that are poor and that the wealthy tend to have higher incomes than poor Americans.
A 2015 study by Harvard economist Emmanuel Saez found that Americans are nearly three times more likely than their counterparts in the developed world to own stocks, mutual funds and other investments worth more than the median household household income.
And a 2015 survey from the Institute for Policy Studies found that more than half of Americans in households earning between $50,000 and $80,000 have at least $100,000 in net wealth, while only 10 percent of those earning $100 million or more do.
The study’s authors also found that the wealth inequality in the US is not limited to those earning more than a million dollars a year.
The report found that among people earning $200,000 or more, only 1 in 5 Americans have more money than the rest of the population.
And the richest 1 percent of the country have the highest median household wealth in the nation, at nearly $1.7 trillion.
A new study from researchers at the Brookings Institution found that inequality is the third most important predictor of wealth, after health care and race.
Wealth inequality is also a factor that drives health care spending, according a 2016 study from the RAND Corporation.
But the authors of the Brookings study said that inequality doesn’t explain the health care gap.
They said they found that health care costs for middle-income and upper-middle class people are higher than for other groups, including blacks and Hispanics.
“Health care spending in the middle is about twice as large for blacks as it is for whites,” the study said.
“But in the highest income groups, health care spends for middle class and upper middle class people is about three times higher than it is in the poorest and poorest groups.”