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It's interesting that the charts everyone uses for share of household wealth are from the 1970s until today. If you take it back a bit further, to the 30s/40s
by neap24 8y ago
It's interesting that the charts everyone uses for share of household wealth are from the 1970s until today. If you take it back a bit further, to the 30s/40s (or even further to 1916) the share of the lowest and middle classes is significantly improved and the top 1% has lost wealth. It IS true that that trend has been reversing since the 70s, but it's still not close to pre 30s levels of inequality. I agree we need to figure out what's been going on since the 70s, but I also kind feel like we need to include all the charts for the best perspective.