In the first quarter of 2025, almost two-thirds percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners only owned 2.5 percent of the total wealth. Income inequality in the U.S. Despite the idea that the United States is a country where hard work and pulling yourself up by your bootstraps will inevitably lead to success, this is often not the case. In 2023, 7.4 percent of U.S. households had an annual income under 15,000 U.S. dollars. With such a small percentage of people in the United States owning such a vast majority of the country’s wealth, the gap between the rich and poor in America remains stark. The top one percent The United States was the country with the most billionaires in the world in 2025. Elon Musk, with a net worth of 342 billion U.S. dollars, was among the richest people in the United States in 2025. Over the past 50 years, the CEO-to-worker compensation ratio has exploded, causing the gap between rich and poor to grow, with some economists theorizing that this gap is the largest it has been since right before the Great Depression.

The statistic shows the share of U.S. population, by race and Hispanic origin, in 2016 and a projection for 2060. As of 2016, about 17.79 percent of the U.S. population was of Hispanic origin. Race and ethnicity in the U.S. For decades, America was a melting pot of the racial and ethnical diversity of its population. The number of people of different ethnic groups in the United States has been growing steadily over the last decade, as has the population in total. For example, 35.81 million Black or African Americans were counted in the U.S. in 2000, while 43.5 million Black or African Americans were counted in 2017.

The median annual family income in the United States in 2017 earned by Black families was about 50,870 U.S. dollars, while the average family income earned by the Asian population was about 92,784 U.S. dollars. This is more than 15,000 U.S. dollars higher than the U.S. average family income, which was 75,938 U.S. dollars.

The unemployment rate varies by ethnicity as well. In 2018, about 6.5 percent of the Black or African American population in the United States were unemployed. In contrast to that, only three percent of the population with Asian origin was unemployed.

In 2017, Brazil’s gross domestic product reached 2.05 billion U.S. dollars, 63 percent of which came from the services sector. The service sector consists of the provision of services both to other businesses and to final consumers, and the service sector often encompasses transportation, distribution, and sale of goods.

Brazil’s position in the global economy

Nations with economies built on the service sector are considered more advanced than industrial or agricultural economies, and indeed, Brazil is considered an advanced emerging economy with the largest share of wealth in Latin America. Brazil has the eighth largest GDP in the world and is one of the BRICS states (Brazil, Russia, India, China, and South Africa) — certain countries with strong economic development and rising influence on regional affairs.

Brazil’s economic strengths and challenges

Brazil is also known for its agriculture and food production, with its main products including soybeans, beef, and coffee. As of 2018, Brazil is the leading producer of coffee, at over 61 thousand 60 kilogram bags. The country has an estimated 21.8 trillion U.S. dollars of natural resource commodities, including, gold, iron, oil, and timber. However,retrieving them often happens at the expense of the environment, including ongoing deforestation in the Amazon Basin, which contains the largest rainforest in the world.