avalonDec 3, 2023
Arthur Charpentier ⏚ 🇨🇦 🇯🇵
“The most recent data shows that the top 1% now owns 31.4% of American wealth, more than that of the entire bottom 90%." https://www.nytimes.com/2023/11/16/opinion/why-voters-arent-buying-bidens-boasts-about-bidenomics.html
Opinion | Why Great G.D.P. Growth Isn’t Good Enough for Bidenomics

Yawning inequality in the American economy is causing Bidenomics to fall flat with voters.

The New York Times
Dec 3, 2023 at 1:34pmWeb
Show threadArthur Charpentier ⏚ 🇨🇦 🇯🇵Dec 4, 2023
"US wealth inequality - top 0.1% worth as much as the bottom 90%" https://www.theguardian.com/business/2014/nov/13/us-wealth-inequality-top-01-worth-as-much-as-the-bottom-90 (numbers are different, I just wanted to stress that there is nothing really new, here, it was the same 100 year ago... nevertheless, over the past 40 years, it has been deteriorating)
US wealth inequality - top 0.1% worth as much as the bottom 90%

Not since the Great Depression has wealth inequality in the US been so acute, new in-depth study finds

The Guardian
Show threadRenéWiersmaDec 3, 2023
@freakonometrics What's the x-axis? 2023 compared to...??
Show threadBloodymirovaDec 3, 2023
@freakonometrics top 10 percent have almost 70% of all wealth - this is absolutely insane. The American dream 🫠