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

8 pointsposted 8 hours ago
by loughnane
(federalreserve.gov)

5 Comments

Havoc

3 hours ago

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

Presumably that post GFC wipeout but still seems rather dramatic

lovich

3 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

6 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%.

user

7 hours ago

[deleted]

phendrenad2

6 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?