by Summary:
In 1989, the top 1% owned 4.81 % of household wealth and the bottom 50% held 0.76%. In Q3 2020 (latest), the top 1% owned 36.18% and the bottom 50% owned 2.36%The middle is shrinking relatively to the top. The bottom 50% is "doing much better." (snark)Federal Reserve Board of GovernorsDistributional Financial Accounts Distribution of Household Wealth in the U.S. since 1989See alsoStrategic Culture FoundationAmerica’s Richest 1% Owned 5% in 1990, Own 36% TodayEric Zuesse
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
In 1989, the top 1% owned 4.81 % of household wealth and the bottom 50% held 0.76%. In Q3 2020 (latest), the top 1% owned 36.18% and the bottom 50% owned 2.36%The middle is shrinking relatively to the top. The bottom 50% is "doing much better." (snark)Federal Reserve Board of GovernorsDistributional Financial Accounts Distribution of Household Wealth in the U.S. since 1989See alsoStrategic Culture FoundationAmerica’s Richest 1% Owned 5% in 1990, Own 36% TodayEric Zuesse
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
Robert Vienneau writes Why Is Marginalist Economics Wrong?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
In 1989, the top 1% owned 4.81 % of household wealth and the bottom 50% held 0.76%.
In Q3 2020 (latest), the top 1% owned 36.18% and the bottom 50% owned 2.36%
The middle is shrinking relatively to the top. The bottom 50% is "doing much better." (snark)
Federal Reserve Board of Governors
Distributional Financial Accounts
Distribution of Household Wealth in the U.S. since 1989
See also
America’s Richest 1% Owned 5% in 1990, Own 36% Today
Eric Zuesse