REPORT: Bottom Half Of American Households Have Just 1 Percent Of Nation’s Wealth

http://thinkprogress.org/economy/2012/07/19/552821/bottom-half-americans-one-percent-wealt/

By Travis Waldron on Jul 19, 2012

The bottom 50 percent of American households hold just 1.1 percent of the nation’s wealth, after its share declined steadily following the financial crisis, a report from the nonpartisan Congressional Research Service found. The richest one percent, meanwhile, hold 34.5 percent of the wealth, as the chart below shows. The top 10 percent’s share of wealth has risen over the last two decades, the report found, but it has fallen for households in every group below that.


tags: inequality