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
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
No comments:
Post a Comment