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applegrove

(128,514 posts) Mon Sep 11, 2023, 12:02 AM Sep 2023

30 yrs later, bottom 50% now have half the wealth they used to (#AdriftBook) [View all]

Post by @profgalloway

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30 yrs later, bottom 50% now have half the wealth they used to (#AdriftBook)

Distribution of Net Wealth in the USA

Bottom 50% in 1990 - 4%
Top 1% in 1990 - 24%

Bottom 50% in 2021 - 2%
Top 1% in 2021 - 32%

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30 yrs later, bottom 50% now have half the wealth they used to (#AdriftBook) [View all] applegrove Sep 2023 OP

And West Virginia went from reliably blue to deep red Zambero Sep 2023 #1

This is the source of every political problem we have today. Hermit-The-Prog Sep 2023 #2

Yep. rubbersole Sep 2023 #3

I agree. Completely. shrike3 Sep 2023 #8

Isn't it 2% of a larger pie ? Not that that makes it better, the top few % benefit even more. nt eppur_se_muova Sep 2023 #4

We do not have the data to say. Plus to be anyone in life you need applegrove Sep 2023 #7

One of the outcomes of which is Prairie_Seagull Sep 2023 #5

You mean like Elon Musk overriding the US DoD in Ukraine? DBoon Sep 2023 #6

Exactly. nt Prairie_Seagull Sep 2023 #9

This is the raison d'etre of the senseandsensibility Sep 2023 #10