Distribution of Household Wealth in the U.S. since 1989

Distribution of Household Wealth in the U.S. since 1989(federalreserve.gov)

8 points by loughnane 10 hours ago | 4 comments

Havoc 5 hours ago |

WTH happened to bottom 50 during 2010? Went to basically zero

Presumably that post GFC wipeout but still seems rather dramatic

lovich 5 hours ago | |

As someone who had to shoplift food during the era if I wanted to eat, jobs were scarce and the meager savings that everyone in my financial situation had were quickly wiped out.

lithocarpus 8 hours ago |

In 27 years

The top 1% went from holding 22.8% of wealth to holding 31.6%

The bottom 50% went from holding 3.5% to 2.5%.

phendrenad2 8 hours ago |

Give me one good reason why I should believe these numbers at all. Are they corroborated by independent third-parties who don't have a vested interest in making things look better than they are?