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the article says it's getting worse: > These numbers have all increased since 1989 as well — total wealth (60.8% to 67.3%), stocks (81.7% to 87.2%), private bu
by internet_points 2y ago
the article says it's getting worse:
> These numbers have all increased since 1989 as well — total wealth (60.8% to 67.3%), stocks (81.7% to 87.2%), private businesses (78.4% to 84.4%) and real estate (38.2% to 43.9%).
So no. It has not always been like this.
- pembrook 2y agoAdjust for age demographics. Pareto wealth distribution also gets more extreme heading into retirement ages due to the nature of compounding on productive assets.