In his book (Evil Geniuses) about how the USA got where it currently is, Kurt Andersen speculates about how far wealth and income inequality has risen in the last few decades.
He attempts to visualise in concrete terms the implications by using this thought experiment. What would happen to the median household income were US income and net wealth were distributed evenly across households? (Andersen, Kurt. Evil Geniuses (p. 301). Ebury Publishing. Kindle Edition. ):
In this imaginary America 2, every household has a net worth of $800,000 and an annual income from all sources of $140,000.
In his words, the current distribution of US wealth and income looks like this:
The absolutely middle American economically, somebody with more than the poorer half of Americans and less than the richer half, lives in a household where the earners earn $64,000 a year and have a net worth of $100,000.
Are Andersen's illustrations for the extent of US wealth inequality correct?