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Wealth is rising, but at different rates

The nation is facing a pandemic-fueled economic recession, but so far, household wealth has not decreased the way it did during the Great Recession. What's different about household wealth now? USAFacts breaks down how wealth has grown in America since 2009 in this new report
  • According to the Federal Reserve, household net worth has grown 81% from $68 trillion in the first quarter of 2009 to $123 trillion by the end of 2020 — an average of $900,000 per household (adjusting for inflation).
  • Middle-class wealth grew 37% since its low during the Great Recession. Wealth for the top 1% of income earners grew more than three times that fast.
  • The middle-class share of wealth has fallen two percentage points since early 2009. During that same time, the share of wealth owned by the top 1% of income earners increased six percentage points.
  • The top 20% of income earners have diverse assets. Roughly 30% is in corporate equities and mutual fund shares, 20% is in real estate, and 20% is in pensions. Real estate and pensions are the predominant sources of wealth for the bottom 60% of income earners.
See more here, including how differing growth rates have changed wealth distribution among Americans.

Declining coal consumption 

Americans now use more energy from renewable sources like hydroelectric, wind, and solar than from coal. Get the facts on shifts in energy production, consumption, and coal industry jobs in this new report.
  • US coal consumption peaked in 2007 at 22.75 quadrillion BTUs. That’s enough power for 73.6 million people for one year. By 2019, coal consumption was down to 11.32 quadrillion BTUs.
  • Texas, Indiana, Ohio, Illinois, and Pennsylvania were the five states using the most coal for electric power in 2007. They have cut down on usage since then — track some of that change above, from 2011 (in gray) to 2019 (in pink).
  • Coal mining jobs have decreased since 1985. Then, the industry employed 178,300. In February 2021, it employed 43,000.
See more here, including info on California, which effectively eliminated coal consumption in 2015. 

And finally...

Hate crimes are rising nationally after falling for many years. Anti-race/ethnicity/ancestry offenses account for the largest increase, rising 48% from 2014 to 2017. They've been the most prevalent offenses since 1996. Learn more about hate crime data sources here.
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