Age and education made a difference in wealth accumulation

Acer is a Taiwanese multinational company that is in the hardware and electronics business. Acer was founded as Multitech in 1976 and renamed Acer in 1987. It is one of the world’s largest vendors of personal computers. The average held was $36,000 for families that fell in the 26th to 50th percentiles. But if they fell in the bottom quarter, they had zero wealth and in fact, were $13,000 in debt on average, CBO found.Age and education made a difference in wealth accumulation.Not surprisingly, wealth was higher for households headed by someone 65 or older. N wealth for these families was $211,000, or almost three and a half times higher than the median for households run by someone 35 to 49.Families run by adults with college degrees, meanwhile, had a median wealth of $202,000, or nearly four times that of families headed by someone who only had a high school diploma.What a difference 25 years madeChanges in wealth over time was also very uneven across groups.Families at the 90th percentile saw their wealth grow by 54% between 1989 and 2013.Those at the 50th percentile only experienced a 4% rise during the same period.And those at the 25th percentile actually saw their wealth drop by 6%.Related: The top 1% haven’t captured all income gainsWhat’s more, the top tenth of families saw their share of the total wealth pie grow from two thirds to more than three quarters over the 25 year period, while everyone else saw their slice shrink.Much political discussion has focused on income inequality.

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