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Forget the top 1 percent. Let's talk about the bottom 50 percent for a minute.
Between 1989 and 2010, the top 1 percent of the population went from holding 30.1 percent of the wealth to 34.5 percent, while the bottom 50 percent went from having 3 percent of the wealth to having just 1.1 percent. That's right: In 2010, 50 percent of Americans had 1.1 percent of the total net worth (PDF), according to the Congressional Research Service. The share of wealth held by the next 40 percent of people, up to the 90th percentile, had also dropped, from 29.
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World Bank: Women Are 40 Percent Of World’s Population But Have Just One Percent Of Its Wealth
The World Bank has released its latest World Development Report on Gender Equality and Development, and the findings show the depths of economic and social inequalities between men and women. Shockingly, the report notes that women ... Read Post
Millionaires Control Almost 40 Percent Of The World’s Wealth, Make Up Less Than 1 Percent Of Its Population
According to a new Global Wealth Report from Credit Suisse, millionaires and billionaires control nearly 40 percent of the world’s wealth, while making up less than 1 percent of its population. “The 29.7 million people in the world ... Read Post
REPORT: Bottom Half Of American Households Have Just 1 Percent Of Nation’s Wealth
The bottom 50 percent of American households hold just 1.1 percent of the nation’s wealth, after its share declined steadily following the financial crisis, a report from the nonpartisan Congressional Research Service found. The ric... Read Post