Bibliography
Black Wealth / White Wealth: A New Perspective on Racial Inequality. Retrieved June 25, 2009, from http://www.infibeam.com/Books/info/Melvin-L-Oliver/Black-Wealth-White-Wealth-A-New-Perspective/0415913756.html
Concentration of Wealth in the U.S.A. Retrieved June 25,
2009, from http://web.pdx.edu/~psu01435/wealth.html
Domhoff W. Power in America: Wealth, Income, and Power. Retrieved June 25,
2009, from http://sociology.ucsc.edu/whorulesamerica/power/wealth.html
Keister, L. (2005). Getting Rich: A Study of Wealth Mobility in America. New York:
Report details black-white wealth inequality. Retrieved June 25,
2009, from http://www.msnbc.msn.com/id/7397962
Walsh D. (2008) America's "Fortunate 400" control vast wealth. Retrieved June 25,
2009, from http://www.wsws.org/articles/2008/mar2008/rich-m07.shtml
Appendix
Figure 1. Distribution of net worth and financial wealth in the United States, 1983-2004
Total Net Worth
Top 1%
Next 19%
Bottom 80%
1983
33.8%
47.5%
18.7%
1989
37.4%
46.2%
16.5%
1992
37.2%
46.6%
16.2%
1995
38.5%
45.4%
16.1%
1998
38.1%
45.3%
16.6%
2001
33.4%
51.0%
15.6%
2004
34.3%
50.3%
15.3%
( Source: Edward N. Wolff at New York University (2007) from http://sociology.ucsc.edu/whorulesamerica/power/wealth.html)
Figure 2: Wealth distribution by type of asset, 2004
Investment Assets
Top 1%
Next 9%
Bottom 90%
Business equity
61.9%
28.4%
9.7%
Financial securities
63.8%
24.1%
12.1%
Trusts
47.7%
33.9%
18.5%
Stocks and mutual funds
36.7%
Wolff at New York University (2007) from http://sociology.ucsc.edu/whorulesamerica/power/wealth.html)
The relationship between power, politics and wealth is an important issue that will be explored in the sections below.
In terms of types of financial wealth, "…the top one percent of households have 36.7% of all privately held stock, 63.8% of financial securities, and 61.9% of business equity." (Domhoff, 2009)
See appendix for tables that provide more detailed information on wealth distribution.
Walsh, 2008.
The data published in the Wall Street Journal which is derived from an Internal Revenue Service (IRS) study of wealthy U.S. taxpayers in 2005, reveals that "…the 400 super-rich -- who represent approximately .0003% of the nation's 134 million taxpayers -- reported total income of $85.6 billion in 2005, an average of $213.9 million each." (Walsh)
Keister, 2005.
Domhoff, 2009
Domhoff, 2009
Domhoff, 2009
Domhoff, 2009
Concentration of Wealth in the U.S.A.
Concentration of Wealth in the U.S.A.
Concentration of Wealth in the U.S.A.
Concentration of Wealth in the U.S.A.
Report details black-white wealth inequality
Report details black-white wealth inequality
Report details black-white wealth inequality
