United States was $44,900, which put the United States in 19th place, behind many other developed countries. In 2015, median wealth in the United States was $55,775. The United States has one of the widest rich-poor gaps of any high-income nation today, and that gap continues to grow. Some prominent economists have warned that the widening rich-poor gap in the U.S. population is a problem that could undermine and destabilize the country's economy and standard of living. In 2006, Alan Greenspan wrote that "The income gap between the rich and the rest of the US population has become so wide, and is growing so fast, that it might eventually threaten the stability of democratic capitalism itself". In 2013, George Friedman, the head of Stratfor, wrote that the middle class' standard of living was declining, and that "If we move to a system where half of the country is either stagnant or losing ground while the other half is surging, the social fabric of the United States is at risk, and with it the massive global power the United States has accumulated." In 2015 a report was done that showed that 71 percent of all workers in America made less than $50,000 in 2014. For a family of four to live a middle class lifestyle, it was estimated that they would need $50,000 a year. For workers that make less than that, their standard of living is lacking. Since 1971, the middle income was above 50% of the population in the U.S. In 2015, the middle class income was 49.9% of the population. The middle class continues to shrink and standard of living continues to decrease. In 2020 Falcettoni and Nygaard wrote a paper and released a policy brief and a FEDS Note on the standard of living across the United States of America. Motivated by the fact that economists mainly focus on income per capita in their analyses of standards of living, but that states across the United States differ along many other dimensions, they build a measure of living standards (à la Jones and Klenow 2016) that accounts for cross-state variations in mortality, consumption, education, inequality, and cost of living. They find that per-capita income is a good indicator of the level of living standards across the United States, but that deviations can be significant for some states. They also find that the level of living standards in most