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Ralphie Bruber

Joined: 7/18/14 Posts: 4614
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Six facts about wealth in the United States...


(snippet)

No. 4. Only the top 20 percent has recovered since the great recession

While the middle class has seen modest growth of 7 percent in their net worth since 1995, it has not yet recovered to its previous peak in 2007. This tepid recovery is driven by
declines in home-ownership and stock market participation since 2007—if you do not hold assets, you cannot benefit from recovery in asset prices.

In contrast, the wealthy have seen robust growth since 1995 and have fully recovered from the Great Recession. Median net worth for the top 80th-99th percentiles has increased by 149 percent since 1995. For the top one percent, it has grown by 187 percent from a far higher base, making it difficult to even see the wealth of the bottom 99 percent on the following chart!


Link: Brookings - 6 Facts about Wealth in the US


Posted: 07/06/2019 at 12:53PM



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Six facts about wealth in the United States... -- Ralphie Bruber 07/06/2019 12:53PM
  Aside the chart, what's the point? -- IdaBuff 07/06/2019 4:02PM
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