- cross-posted to:
- usa@lemmy.ml
- cross-posted to:
- usa@lemmy.ml
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/
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/
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
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%
Ah ok, so top income earners from 2-19% would account for that 39%. Seems right.
https://youtu.be/QPKKQnijnsM?si=uX5nOhWhyStz7VaB this is my basis for comparison. Still one of the best "income inequality explained" videos of all time
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy: