The richest people in the United States, and the world, are much, much richer than the average working class individual.
The 400 richest people in the United States, according to Forbes magazine, have combined assets that exceed the total bank savings of the 272 million Americans who are not on the list.
Those 400 people could pay off the total United States debt and still have billions of dollars left over.
Socioeconomic inequality is the disparity in the distribution of economic assets and income, which typically has negative impacts on society, such as shorter life expectancy, higher disease rates, homicide, and crime.
A recent study by the United Nations University reports that the richest 1% in the world owned 40% of global assets in the year 2000.