3 ms·
The richest 10% hold 76% of the wealth
- tdkl 10y ago>Families at the 90th percentile saw their wealth grow by 54% between 1989 and 2013. >Those at the 50th percentile only experienced a 4% rise during the same period. >And those at the 25th percentile actually saw their wealth drop by 6%. Trickle-down economics my ass. Also the western middle class got hit the most by globalization [1]. [1] https://hbr.org/2016/05/why-the-global-1-and-the-asian-middle-class-have-gained-the-most-from-globalization https://hbr.org/2016/05/why-the-global-1-and-the-asian-middl...