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Top 1% Up $21 Trillion. Bottom 50% Down $900 Billion. — Matt Bruenig

Summary:
The insights of this new data series are many, but for this post here I want to highlight a single eye-popping statistic. Between 1989 and 2018, the top 1 percent increased its total net worth by trillion. The bottom 50 percent actually saw its net worth decrease by 0 billion over the same period.… People's Policy ProjectTop 1% Up Trillion. Bottom 50% Down 0 Billion.Matt Bruenig

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The insights of this new data series are many, but for this post here I want to highlight a single eye-popping statistic. Between 1989 and 2018, the top 1 percent increased its total net worth by $21 trillion. The bottom 50 percent actually saw its net worth decrease by $900 billion over the same period.…
People's Policy Project
Top 1% Up $21 Trillion. Bottom 50% Down $900 Billion.
Matt Bruenig
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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