3 ms·
The other side of the coin would be data about how overwhelmingly likely it is to retain one's membership in the top quintile by mere dint of being born into it
by alex_young 5y ago
The other side of the coin would be data about how overwhelmingly likely it is to retain one's membership in the top quintile by mere dint of being born into it.
It seems grotesque that many are born and stay very wealthy while so many others have little to no chance of ever experiencing even modest prosperity.
Another observation: No other quintile has actually grown its percentage of household wealth since the 1970s. The wealthy really have taken all of the gains. Perhaps it would be healthy for us to share some with the people who do all of the physical labor.
https://www.statista.com/statistics/203247/shares-of-household-income-of-quintiles-in-the-us/ https://www.statista.com/statistics/203247/shares-of-househo...