The top 40% of income earners in the US now control 83% of the nation’s total net worth, approaching an all-time high.
The top 20% alone hold 71% of the total wealth, an increase of 10 percentage points over the past 20 years.
Conversely, the bottom 40% of income earners possess just 8% of the wealth.
Even more stark, the bottom 20% account for a mere 3% of the country’s wealth.
In recent years, the rich have become significantly wealthier, while most consumers are struggling to keep up.
submitted by /u/XGramatik
[link] [comments]