Between 2020 and 2025 the wealth of the entire bottom 50% of the U.S. population has increased by a little over $2 trillion, per the Fed.
By contrast, the assets held by the top 0.1% have nearly doubled from $12.17 trillion to $22.33 trillion,
BREAKING: 67.6% of US consumers are now living paycheck to paycheck, according to a PYMNTS survey.
Theis percentage has risen by +10 points over the last 18 months.
This comes as nearly 30% of consumers lost their financial safety net before July 2020 and have struggled since.
A similar percentage began facing the same situation over the last 12 months.
All while 46% of consumers who once had some financial comfort say they have since lost it and feel overwhelmed by their situation.
The US wealth divide is hitting historic levels.
Americans are drowning in credit card debt:
US household credit card debt hit a record $1.33 trillion in August.
The combined average credit card balance across all age groups is now at whopping $10,668 PER household.
States with the largest average debts in Q2 2025 were Hawaii at $15,100, California at $13,800, and Alaska at $13,600.
Other high-debt states include New York at $12,900, Texas at $12,800, and Florida at $12,600.
Credit card debt continues to skyrocket.
@IanCarrollShow@davidicke Most people can’t admit when they’re wrong they just stay the course out of some misguided sense of pride and ignorance. Keep up the great work Ian you really open peoples eyes to some very interesting and important issues!!