Indeed, a 2023 Rand Corporation analysis revealed that, since 1975, $79 trillion in wealth had been transferred from the bottom 90% to the top 1%. (Massive Wealth Transfer*). This massive redistribution of wealth continues today. In 2023 alone, $3.9 trillion in wealth was siphoned from working Americans to the richest Americans, enough to give every full-time worker in the bottom 90% a $32,000 raise for the year (2023 Wealth Transfer). When it comes to gaining wealth for the average working American, owning a home is the principal path. Home ownership, however, is completely out of reach for the poor and millions more in today’s middle class find it unattainable. The median home price to annual income ratio was 5 in 2025. In other words, the median price of a home was equal to 5 years of salary. The ratio was 3.7 in 1985 when a median-price home was $82,800. Today a median-price home is $416,900. Not only is the distribution of wealth radically unequal, the pathway to increased wealth in home ownership has narrowed dramatically.
*That's about $1.5 trillion per year
$1.5 trillion/350 million people = ~$4300/year/person
