Home > upward income and wealth redistribution > The top 0.1% is overtaking the bottom 90%

The top 0.1% is overtaking the bottom 90%

from David Ruccio

wealth-same

This chart is another illustration of the report I discussed a couple of weeks ago, according to which the share of total wealth owned by the top 0.1 percent—roughly 160,000 families with total net assets of more than $20 million in 2012—has risen to the point (22 percent of total U.S. wealth) where it is almost the same as the share owned by the bottom 90 percent (23 percent of the total).

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