(Further response just to clarify): by "the wealthier contingent outside the 1%", I am of course referring to the 50% to 99% percentile, who do collectively hol

(Further response just to clarify): by "the wealthier contingent outside the 1%", I am of course referring to the 50% to 99% percentile, who do collectively hold almost three-quarters of all mortgage debt, and that mortgage debt also comprises the vast majority of their debt.