4 ms·
You're conflating income and wealth; the latter is what this article is about. If anybody finds a reliable recent source for this wealth data, please share. I'
by bgentry 5y ago
You're conflating income and wealth; the latter is what this article is about.
If anybody finds a reliable recent source for this wealth data, please share. I'm not seeing anything particularly trustworthy with a quick search.
- bellyfullofbac 5y agohttps://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/#quarter:127;series:Assets;demographic:networth;population:1,3,5,7;units:shares https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr... Hopefully the Fed is trustworthy enough... 90% to 99% own 35.8% of all assets, and, the remaining 1% own 29.2%. So the top 10% own 65% of all assets.
- GaryTang 5y agoSo the top 1% owns almost as much as the 1-10%, wow!