Wealth Distribution in USA

Wealth Distribution in the USA - 2003

Just in case you cannot read the graph which is data on wealth distribution in the USA from 2003.
The top 1% have 25% of the wealth in the USA
The top 5% have 50.7%
The top 10% have 62.9%.
That leaves 90% of us fighting over 37.1% of the pie.
The only country with a worse mal-distribution of wealth is Mexico.

———–

“Wealth is a person’s net worth, expressed as:

wealth  = assets  – liabilities

The word “wealth” is often confused with “income”. These two terms describe different but related things.”

“A study by the World Institute for Development Economics Research at United Nations University reports that the richest 1% of adults alone owned 40% of global assets in the year 2000, and that the richest 10% of adults accounted for 85% of the world total. The bottom half of the world adult population owned barely 1% of global wealth… Moreover, another study found that the richest 2% own more than half of global household assets.”

Source for above – http://en.wikipedia.org/wiki/Distribution_of_wealth

As Shakespeare so nicely put it, “There is something rotten in Denmark.”

Since you landed on this page this is an issue that probably concerns you.  Question is now what are you going to do about it?

Subscribe to Curmudgeon Alley

Download as PDF