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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
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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
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Mike Norman considers the following as important:
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NewDealdemocrat writes March JOLTS report: declines in everything, fortunately including layoffs
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Eric Kramer writes Eric Segall tells us what he really thinks about the Roberts court
Angry Bear writes Supreme Court watchers mollified themselves (and others) with vague promises
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