The bottom 50% don’t count their future labor / income as wealth. However the top 10% do count as wealth future cash flows from business which is dependent on

The bottom 50% don’t count their future labor / income as wealth. However the top 10% do count as wealth future cash flows from business which is dependent on the bottom 90%’s labor. So once you setup an equation between future income and wealth, the situation is not so bleak for the bottom 50%. Their future labor is worth much more than their 4% wealth + some amount of debt in mortgages / student loans / credit cards.