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Joined 3 years ago
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Cake day: July 29th, 2023

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  • This is the same chart, but with the 99-99.9% slice broken out too.

    The view by share is more telling IMO:

    • The top 1% have 32.5% of the wealth. This is up from 22.8% in 1990
    • The 90-99% have 36.4% of the wealth. This is down from 38% in 1990
    • The 50-90% have 28.8% of the wealth. This is down from 35.7% in 1990
    • The fact that the bottom 50% have 2.3% of the wealth. This is down from 3.5% in 1990

    The fact that 50% of our population has a single digit share of wealth is a travisty.

    The only group growing share is the 1%. Their per capital numbers are eye-watering. The 90-99% do have about 4x the per capital wealth as the 50-90% group, but the top 1% are literally 10x that on a per capital basis. The top 0.1% are eye-watering wealthy compared to anyone else.