cross-posted from: https://lemmy.ml/post/9299269

https://www.usatoday.com/story/money/2023/12/06/top-1-american-earners-more-wealth-middle-class/71769832007/

  • NeelixBiederman [he/him]
    ·
    1 year ago

    Put another way: 3.5 million people control more wealth than 210 million people. Each individual of those 3.5 million owns as much as 60 "middle classers" combined.

    Lastly, according to this graphic, the top 1% and 60% of middle income earners account for only ~51% of the nation's wealth? There's no way the bottom 39% control 49% of the wealth, so where tf is it? Something's fucky

    • Shinhoshi@lemmygrad.ml
      ·
      1 year ago

      They defined middle class as the top 80% that are not in the top 20%, not “60% of middle income earners”.

      I’m guessing your missing wealth is in the top 20% that aren’t in the top 1%