karadinart (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
karadinart) wrote2013-03-23 05:51 pm
karadinart) wrote2013-03-23 05:51 pm
Scary distribution of weath in the US
factoid: the top 1% in the US (as of 2007) hold 40% of the nations wealth. The lower 80% or 8 out of 10 americans, only hold 7% of the nation's wealth between them.
the top 1% (as of 1970) only owned 9% of the nation's income, now they hold %24, which is triple the income.
the top 1% hold 50% of the nation's stock/bonds/assets. The lower 50% of the nation only hold 1/2 of 1% of these assets, because they are so poor, they have no money to invest
PS - video uses 2007 data, and the situation has only gotten worse.
the top 1% (as of 1970) only owned 9% of the nation's income, now they hold %24, which is triple the income.
the top 1% hold 50% of the nation's stock/bonds/assets. The lower 50% of the nation only hold 1/2 of 1% of these assets, because they are so poor, they have no money to invest
PS - video uses 2007 data, and the situation has only gotten worse.