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https://www.oecd-ilibrary.org/sites/0dee8dce-en/index.html?itemId=/content/component/0dee8dce-en#figure-d1e1431 https://www.oecd-ilibrary.org/sites/0dee8dce-en/
by aqme28 4y ago
https://www.oecd-ilibrary.org/sites/0dee8dce-en/index.html?itemId=/content/component/0dee8dce-en#figure-d1e1431 https://www.oecd-ilibrary.org/sites/0dee8dce-en/index.html?i...
Looks like about 60% of wealth in the US is inherited, and the proportion has been climbing.
- zozbot234 4y agoDo we have to constantly remind people here that wealth != income? Inheritances are wealth. They might have grown in income terms simply because interest rates are on a secular decline (recent short-term raises notwithstanding) and low interest rates boost the value of assets. Comparing wealth stocks and income flows makes little sense in general.
- bradleyjg 4y agoI would say were on a secular decline rather than are. Pre-Covid some yields were nominally negative and approaching real zero. There was very little left for them to fall before hitting the carrying cost of cash.
- sandworm101 4y agoInherited wealth is different than income. If I inherit a million dollar house, then sit on it for twenty years until it is a 10-million dollar house, I have 10-milion in inherited wealth but only 1m of "income" (IRS taxable income). The next 9 of income will only come if/when I sell the house. So comparisons between inherited wealth and actual income across decades are very very tricky.