“…in 2020, the poorest 50% of U.S. households (or individuals depending on the sources) owned only less than 2% of the nation’s total private wealth, one of the lowest levels among OECD countries. For comparison, Panel 2 contrasts the U.S. alongside seven other OECD countries using data from the Luxembourg Wealth Study. The wealth share held by the poorest 50% in other countries is:
- 8.4% in Australia (2018)
- 6.4% in Canada (2019)
- 3.7% in Germany (2017)
- 7.9% in Finland (2016)
- 9.8% in Italy (2016)
- 7.7% in Spain (2017)
- 8.2% in the U.K. (2019).”