by Summary:
Well, as we previously pointed out, the bottom 50% own just 2% of all net worth, or a paltry .8 trillion. What is even more sad is that the wealth of the bottom 50% is virtually unchanged since 2006, while the net worth of the Top 1% has risen by 132% from .9 trillion to .5 trillion...True to form, ZH blames it on the Fed.Zero HedgePandemic Wiped Out Entire Savings Of 20% Of US HouseholdsTyler Durden
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Well, as we previously pointed out, the bottom 50% own just 2% of all net worth, or a paltry .8 trillion. What is even more sad is that the wealth of the bottom 50% is virtually unchanged since 2006, while the net worth of the Top 1% has risen by 132% from .9 trillion to .5 trillion...True to form, ZH blames it on the Fed.Zero HedgePandemic Wiped Out Entire Savings Of 20% Of US HouseholdsTyler Durden
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes What pulls me through in this world of troubles
Mike Norman writes Escobar: The Roadblocks Ahead For The Sovereign Harmonious Multi-Nodal World — Pepe Escobar
Lars Pålsson Syll writes Best match point ever
New Economics Foundation writes The autumn budget: A step in the right direction but still falling short
Well, as we previously pointed out, the bottom 50% own just 2% of all net worth, or a paltry $2.8 trillion. What is even more sad is that the wealth of the bottom 50% is virtually unchanged since 2006, while the net worth of the Top 1% has risen by 132% from $17.9 trillion to $41.5 trillion...
True to form, ZH blames it on the Fed.
Zero Hedge
Pandemic Wiped Out Entire Savings Of 20% Of US Households
Tyler Durden