Wealth gap in America widens to record level, report says

Wealth gap in America widens to record level, report says - LA Times:
"The wealth gap between middle- and upper-income households has widened to the highest level on record, says a new report.
Using the latest Federal Reserve data, the Pew Research Center said Wednesday that the median wealth for high-income families was $639,400 last year — up 7% from three years earlier on an inflation-adjusted basis.
For middle-income families, the median wealth — that is, assets minus debts — stood at $96,500 last year, unchanged from 2010.
U.S. income inequality is bad, but wealth inequality is a bigger problem
The result is that the typical wealth of the nation's upper-income households last year was nearly seven times that of middle-class ones.
By Pew's calculations, that is the biggest gap in the 30 years that the Fed has been collecting statistics from its Survey of Consumer Finances."