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Think through the implications of those numbers you've posted, and particularly think about what that might imply about the distribution of wealth in the US. T
by Hoff 15y ago
Think through the implications of those numbers you've posted, and particularly think about what that might imply about the distribution of wealth in the US.
The bottom 60% of the US population has around 5% of the aggregate wealth. That's the majority of the population.
The top 20% of the US population possess 84% of the wealth. And the curve is very steep, too; the top tenth of a percent holds a whole lot of that wealth, and it's increasing rapidly.
http://www.pbs.org/newshour/bb/business/july-dec11/makingsense_08-16.html http://www.pbs.org/newshour/bb/business/july-dec11/makingsen...