America Counts: Stories Behind the Numbers

Wealth inequalities persisted in 2019, according to the latest Survey of Income and Program Participation (SIPP) data released in October 2021.

Wealth is the value of assets owned minus the liabilities (debts) owed. As described in a previous report on household wealth in 2017, the new U.S. Census Bureau report and detailed tables on household wealth in 2019 show similarly wide variations across demographic and socioeconomic groups but also detail generational wealth differences for the first time.

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For example, it shows that baby boomers are nearly nine times wealthier than millennials.

The SIPP?s sample size enables comparisons of the assets of many populations and groups such as low-income households and households with or without children.

Continue reading?to learn more about:

• Contributors to household wealth

• Home ownership

• Generations and wealth

• Health insurance and marital status

• Race and Hispanic origin, education, and employment

• What is the SIPP?

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About America Counts

America Counts tells the stories?behind the numbers in a new inviting way. It features stories on various topics such as families, housing, employment, business, education, economy, emergency management, health, population,?income and poverty.?Contact our?Public Information Office?for media inquiries or interviews.

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