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It's actually roughly 70% for wealth as well, so I guess it's fair eh? > Deutsche Bank’s Torsten Sløk says that the distribution of household wealth in America
by newfriend 6y ago
It's actually roughly 70% for wealth as well, so I guess it's fair eh?
> Deutsche Bank’s Torsten Sløk says that the distribution of household wealth in America has become even more disproportionate over the past decade, with the richest 10% of U.S. households representing 70% of all U.S. wealth in 2018, compared with 60% in 1989, according to a recent study by researchers at the Federal Reserve. [1]
[1] https://www.federalreserve.gov/econres/feds/files/2019017pap.pdf https://www.federalreserve.gov/econres/feds/files/2019017pap...