The Wealth Gap: What is it and why does it matter?
Wealth, or net worth, is the value of assets (such money in checking accounts, retirement savings, the value of your home) minus debts (such as credit card debt and home mortgages)
Wealth matters because
- wealth allows people to make ends meet if they lose their job, face a large unexpected expense, or cannot work due to illness
- wealth can be passed from generation to generation
- wealth can be used as collateral for loans
- wealth helps support people during retirement
Stay Tuned--newly-released data will be posted in April 2015!
Data on wealth is now readily-available to scholars, public policy makers, the media, and organizations that address economic security.
Data on Wealth:
- Wealth of Women, Men, and Couples by Age
- Gender Differences in Wealth for Never-Married, Divorced, and Widowed Persons, Ages 18-64 and 65 and Older
- Gender Wealth Gaps and Ratios for Never-Married and Divorced Persons with Children
- Gender Income and Wealth Ratios for Full-Time Workers
- Gender Differences in Asset Ownership for Never-Married, Divorced, and Widowed Persons
- Types of Assets Owned by Women, Men, and Couples, Ages 18-64 and 65 and Older
Data on Debt: