> internal US inequality is actually shrinking
Since the 1980s, the United States has experienced a profound shift in wealth concentration toward the top of the economic ladder. The bottom half of American households controls just 2.5% of the nation's wealth.
That's 50% of the nation leveraging 2.5% of the purse-strings. That's not what I call "representation."
How can you tell such blatant falsehoods?
Edit: just because it's ridiculous the way some people pretend it's complicated or nuanced:
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U.S. HOUSEHOLD WEALTH VS. POPULATION: 10 / 40 / 50 SPLIT
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Legend:
[$] = 1% of Total U.S. Wealth
[@] = 1% of U.S. Households (Population)
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Top 10% of Households (90th - 100th Percentile)
Wealth (~68.0%):
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Population (10%):
@@@@@@@@@@
Next 40% of Households (50th - 90th Percentile)
Wealth (~29.5%):
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Population (40%):
@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@
Bottom 50% of Households (0 - 50th Percentile)
Wealth (~2.5%):
$$
Population (50%):
@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@
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