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Poverty in the United States (Aug 2024)
Here's a comparative chart displaying the number of low-income groups by race and the poverty rate. Poverty rate calculation example: 16.2/197 (population) = 8.2%.
The Great Wealth Transfer!
The great wealth transfer refers to the expected transfer of wealth from the Baby Boomer generation to younger generations, primarily Gen X and Millennials. This transfer is unprecedented in scale, driven by the aging population and the accumulated wealth of the Baby Boomers.
This transfer is estimated to be between $30 trillion and $68 trillion over the next few decades. The transfer is expected to significantly impact the wealth gap in various ways.
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Whose the top 10 counties in your state with the highest median household income?
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