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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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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