Wealth Inequality
Wealth inequality has increased over the past few decades. The top 10% of U.S. households now hold over 70% of the wealth, while the bottom 50% hold only 2%. Source Federal Reserve
Credit Card Debt
Credit card debt seems to be a growing problem for American families. Currently, the average US household owes $9,654, up 8.39% from the same period in 2022. Source CardsRates.com
Housing Crisis
The median household income in 2022 was $74,580, while the median home list price was $410,000. This means the typical U.S. household can afford a home priced around $270,000, which is significantly less than the median home price. Source Realtor.com