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"The 400 richest Americans — the top 0.00025 percent of the population — have tripled their share of the nation’s wealth since the early 1980s, according to a new working paper on wealth inequality by Berkeley economist Gabriel Zucman." washingtonpost.com/us-policy/2019…
"Those 400 Americans own more of the country’s riches than the 150 million adults in the bottom 60 percent of the wealth distribution, who saw their share of the nation’s wealth fall from 5.7 percent in 1987 to 2.1 percent in 2014."
"The top 10 pct own more than 70 pct of the nation’s wealth, more than twice the amount owned by the bottom 90 pct. The top 10 pct have increased their share of wealth by 10 percentage points since the early 1980s, with a concomitant decline in the share owned by everyone else."
“US wealth concentration seems to have returned to levels last seen during the Roaring Twenties...In some ways, the distribution of wealth in the United States more closely resembles the situation in Russia and China than in other advanced democracies such as the UK and France."
