Re:Economics focus: Don’t look down
by Hoff on Thursday August 18, 2011 @08:58AM
(#2899002)
Think through the implications of those numbers you've posted, and particularly think about what that might imply about the distribution of wealth in the US.
The bottom 60% of the US population has around 5% of the aggregate wealth. That's the majority of the population.
The top 20% of the US population possess 84% of the wealth. And the curve is very steep, too; the top tenth of a percent holds a whole lot of that wealth, and it's increasing rapidly.
The bottom 60% of the US population has around 5% of the aggregate wealth. That's the majority of the population.
The top 20% of the US population possess 84% of the wealth. And the curve is very steep, too; the top tenth of a percent holds a whole lot of that wealth, and it's increasing rapidly.
http://www.pbs.org/newshour/bb/business/july-dec11/makingsen...