Federal Reserve – Wealth of Insight

How the Top 1% Compare to the Rest of America (Ep.44)

By Wealth-of-Insight | November 28, 2023

What does it take to join the top 1% of America? How much richer are they compared to the average American?

Let’s find out.

In this episode, Austyn Whittenburg discusses wealth accumulation trends and the net worth of different population percentiles.

Using Federal Reserve data, Austyn highlights the rise in home values and car prices, and the impact of education on net worth. He also discusses the influence of different levels of education in you and your family’s financial planning processes.

Austyn discusses:

The impact of education on American’s net worth
Key findings from the Federal Reserve about the American wealth divide
The difference between median and mean net worth + how this difference can create misleading headlines
Various statistics surrounding the different income classes of America
And more

Resources:

https://www.federalreserve.gov/publications/files/scf23.pdf

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The Evolution of Money: From Corn to Cryptocurrency (Ep.31)

By Wealth-of-Insight | May 9, 2023

If you’ve been watching the news lately, there has been a lot of panic surrounding the US dollar.

In this episode, Austyn Whittenburg eases your mind about money by explaining the different scenarios we could face in the future. He addresses the recent events that could have an impact on the dollar and explains why there is no reason for immediate concern.