Report finds wealth of top 1% up $21T, bottom 50% down $900B since 1989

Re:Report finds wealth of top 1% up $21T, bottom 50% down $9... by mdorazio on Friday June 14, 2019 @11:55PM (#20188313)

I'm confused by this. It doesn't quite mesh with the more recent numbers I'm familiar with such as [1], which shows modest gains for the bottom 50% wealth households from 2013 to 2016 [1]. My guess is that the dotcom bust recession and great recession both knocked down bottom-half wealth holders far more than the interim percentage gains to arrive at the net decrease quoted here.

[1] https://dqydj.com/net-worth-brackets-wealth-brackets-one-per...

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Re:Report finds wealth of top 1% up $21T, bottom 50% down $9... by y4mi on Saturday June 15, 2019 @03:34AM (#20188844)

It's hard to actually understands the current state of our economy and I doubt I do to any significant degree, but from what I gathered from your linked article, they're purely looking at net-worth.

This ignores inflation and rising housing costs etc.

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Re:Report finds wealth of top 1% up $21T, bottom 50% down $9... by mdorazio on Saturday June 15, 2019 @10:42AM (#20190212)

I guess I'm not understanding the difference between net-worth and wealth in economic terms here then. I assumed they were roughly equivalent.

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