The inequality.org claims seem closest, but they cite 2016 for the bottom 50% and 2018 for the top 3 billionaires.
That page says the bottom 50% owns $250 billion, which is drastically smaller than the CBO and Fed numbers for any quarter that year. ( see Fed link at http://uswealthclock.com )
The inequality.org claims seem closest, but they cite 2016 for the bottom 50% and 2018 for the top 3 billionaires.
That page says the bottom 50% owns $250 billion, which is drastically smaller than the CBO and Fed numbers for any quarter that year. ( see Fed link at http://uswealthclock.com )
Weirdly, this suppresses the power of the poorest of us — it’s depressing and not right, and I believe it depresses and suppresses the vote of the poorest to constantly hear it.
The poorest half of us together have much, much more than the top few zillionaires, and the number is updated quarterly, so there is no excuse for getting it wrong.
Regardless, the mass of us have much, much, much more than the zillionaires, but we don’t act like it. I believe that is because we don’t hear and know the number, and don’t have it at the ready.
thanks — b.rad
ps extra thanks for the CBO link, it’s the only other place I know of to see the distribution and growth of wealth … seems it must be related to the Fed data
The inequality.org claims seem closest, but they cite 2016 for the bottom 50% and 2018 for the top 3 billionaires.
That page says the bottom 50% owns $250 billion, which is drastically smaller than the CBO and Fed numbers for any quarter that year. ( see Fed link at http://uswealthclock.com )
Weirdly, this suppresses the power of the poorest of us — it’s depressing and not right, and I believe it depresses and suppresses the vote of the poorest to constantly hear it.
The poorest half of us together have much, much more than the top few zillionaires, and the number is updated quarterly, so there is no excuse for getting it wrong.
Regardless, the mass of us have much, much, much more than the zillionaires, but we don’t act like it. I believe that is because we don’t hear and know the number, and don’t have it at the ready.
thanks — b.rad
ps extra thanks for the CBO link, it’s the only other place I know of to see the distribution and growth of wealth … seems it must be related to the Fed data