Wealth from real estate and just a couple easy charts I was looking through and I saw some of these articles and saw some charts and I was like, Whoa, that really shows a lot. So let’s go ahead and split our screen and bring up that bring up the article that we have referenced here.
And take a look, see if we would. All right. So let’s see our charts. We’ll scroll down just a little bit and see what we’re looking at. And the first one here is wealth inequity is rising across America. Inequality is rising. The top 10% have 70%, 76% of the household wealth. That’s crazy.
And then the next 40% have 23%. The bottom 50% have 1%. Wow. I didn’t know that the bottom 50% of all the people would have 1% of all the wealth in the country. It’s 1%. That’s like, really, really small.
Yeah. Like, didn’t really register.
Now it is really crazy. And then here’s the here’s another chart. If we can blow this one up just a little bit underneath it, omkar or find a way to interact with that chart just a little bit. The distribution of family wealth between these different time frames. You’re going to see what we can get here for some interaction and open this up just a little bit. Maybe blow her up. There we go.
You see that?
Well, they won’t be able to. All right. So what we have is the percentage that is with each different. So this shows the distribution of the wealth as it currently is, that the top 1%.
From 63 to 2016. How much of it it has, the distribution of where the money is that the bottom 50% has 1%, and then that the bottom 10% actually has negative money. They have negative household wealth. Negative household wealth. They’re not worth much.
So this is showing where all the wealth is in the country and how it relates to it. And then the next chart is going to show how it relates to real estate and home ownership, because home ownership is a big deal that goes into this. Yeah. And it goes on to talk about stock markets and then owning real estate and owning assets.
Yes. If you don’t own the assets, then you don’t have the wealth and the appreciation.
And yeah, because it goes up over time, an appreciating assets are very important to do. So looking at those, there’s a ton of tax benefits that we’ve talked about. Yeah. Yeah.
It’s just amazing to see when you see a chart that, you know, the top 1% has this much and this is what homes are worth. Why you should buy the home.
Yeah, no matter what. It’s really important. Economic factors are if you can buy a home, buy a home.
Yeah. So 20. That one right there. That chart had some good words on it. If you scroll down, just. There we go. Perfect. So in 2012, the average American home price was 163. It’s closer to 338 now. So it’s up almost 200,000.
200% in ten years. Yeah. And household income has went from 57 to 67000.
That’s it. Yeah. So that’s all people have made the average. Yeah. And not much of an increase in household income now. But your house going up by that much shows how much more you could be making. Right, if you owned a home during that time frame and made $200,000 on your home.
But does it also show that the pay pay increases should maybe be looked at? Well, it’s a real it’s a real asset now.
I think these two items also are doing two things to us. When you get some information, sometimes you have misleading facts and you can make them look like you want. They picked it at the absolute low of where the homes were, and then they picked it at what would be perceived as the high and then also the income correlates to that. So I bet you’ll see incomes going up later on.
So I think we picked like the two numbers and put them over each other and all of a sudden you have this massive thing and it looks very different. But when you have $200,000 of household gain in appreciation over a ten year time frame, on average, that type of money you just can’t make and save.
Can we look at the like, where are we getting this information from?
This one came from broker age
