The impending crisis : $b conditions resulting from the concentration of wealth in the United StatesBouroff, Basil A.
History
The impending crisis : $b conditions resulting from the concentration of wealth in the United States
Bouroff, Basil A.
Trusts, Industrial; United States -- Economic conditions; Wealth
Every block here represents a comparative average wealth of one man,
woman, or child of the respective groups in the 2d Corrected Table,
p. 51; while the figures above show the numbers of individuals
owning one block each, as indicated.]
While the thirty millions of British people have on the average $16
worth of wealth, the American people of the same class have somewhat
more of this kind of wealth than the British, as the last table,
individually regarded, shows the average property of every person of the
families. It is as follows.
The 2d Corrected Table, 1890.
--------------------+--------------+----------------+----------
Holders of Wealth. | Individuals. | The wealth of | Average.
--------------------+--------------+----------------+----------
Tenants of farms | | |
and homes | 33,908,277 |$ 2,837,049,500 |$ 83
| | |
Owners of mortgaged | | |
farms and | | |
homes worth less | | |
than $5,000 | 7,319,697 | 2,614,955,764 | 357
| | |
Owners of free | | |
farms and homes | | |
worth less than | | |
$5,000 | 13,888,979 | 3,908,222,736 | 287
| | |
Owners of farms | | |
and homes worth | | |
$5,000 to $50,000 | 6,879,935 | 22,676,863,197 | 3,296
| | |
Owners of farms | | |
and homes worth | | |
$50,000 and over | 625,362 | 33,000,000,000 | 52,769
--------------------+--------------+----------------+----------
The totals. | 62,622,250 | 65,037,091,197 | 1,036
--------------------+--------------+----------------+----------
The average of $83 worth of personal property in the 1st group of
individuals here is a little too large, because, subtracting the surplus
million families from this group,[46] we have left the wealth [SN: THE
POOREST CLASSES, 1890.] of it untouched. In any way, this group contains
27,117,000 individuals having on the average $30 worth of property each,
according to the last group of families in the table of Dr. Spahr.[47]
It does not, however, make a great difference on the whole, because the
group of tenants, since 1890, has undoubtedly increased up to 38,837,849
without having been able to add anything more to its aggregate wealth.
Public-domain text, read in full here on John Shaqi.
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