Re:The American economy has left other rich countries in the...
by ahmeneeroe-v2 on Tuesday October 15, 2024 @03:48PM
(#41852398)
Oh that makes much more sense, thanks for clarifying.
Still, a quick google search says Europe's bottom 50% own only 1.2% of the wealth there.
i.e., the bottom 50% of Americans population-wise own 10% of the overall wealth, while the top 7,500 people (0.002% population-wise) own 10% of the overall wealth.
That said, those numbers are actually overly optimistic. The wealth chart offered up by the federal reserve show the bottom 50% population-wise only own 2.5% of the wealth. Particularly alarming (though not surprising) is how much that share has shrunk in the last 20 years.
See: https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr...