3 ms·
This comment is as out of touch with middle class Americans as those "top 50k" are with the middle class. There is a huge gulf between the poorest 10% and the
by ahmeneeroe-v2 2y ago
This comment is as out of touch with middle class Americans as those "top 50k" are with the middle class.
There is a huge gulf between the poorest 10% and the top 50%.
- BizarroLand 2y agoHalf of the American population are contained in the bottom 10% of wealth in America. Every other American is in the bottom 10%, and 1 in ~7,500 are in the top 10%. If I were a gambling man I wouldn't take those odds.
- ahmeneeroe-v2 2y ago1 in 10 Americans are in the top 10%. 1 in 10 Americans are in the bottom 10%.
- atmavatar 2y agoI'm pretty sure GP was talking more about which groups own which percentage of wealth in America i.e., the bottom 50% of Americans population-wise own 10% of the overall wealth, while the top 7,500 people (0.002% population-wise) own 10% of the overall wealth. That said, those numbers are actually overly optimistic. The wealth chart offered up by the federal reserve show the bottom 50% population-wise only own 2.5% of the wealth. Particularly alarming (though not surprising) is how much that share has shrunk in the last 20 years. See: https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/ https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr...
- ahmeneeroe-v2 2y agoOh that makes much more sense, thanks for clarifying. Still, a quick google search says Europe's bottom 50% own only 1.2% of the wealth there.
- bestouff 2y agoMaybe. But they have free healthcare and a better living.