The top 1% is saying it's the 70 year olds who have absorbed all the wealth. Let me drop an inconvenient chart here: https://fred.stlouisfed.org/series/WFRBST0

The top 1% is saying it's the 70 year olds who have absorbed all the wealth. Let me drop an inconvenient chart here: https://fred.stlouisfed.org/series/WFRBST01108 https://fred.stlouisfed.org/series/WFRBST01108 Here's another chart - net worth of top 10% excluding the top 1%, basically folks who have millions in assets, but aren't quite rich yet. Even they have lost during the recession. https://fred.stlouisfed.org/series/WFRBSN09161 https://fred.stlouisfed.org/series/WFRBSN09161