alt Hacker NewsUntil last year, the share of wealth by the 1% had been basically flat at 31% for a decade
https://fred.stlouisfed.org/series/WFRBST01134
Your expectations aren't matching reality
Until last year, the share of wealth by the 1% had been basically flat at 31% for a decade
https://fred.stlouisfed.org/series/WFRBST01134
Your expectations aren't matching reality
I am looking at your link and thinking I took crazy pills.
The graph shows just under 23% in 1989, going up past 27% by 1996, then dipping a few years later only to go up to 29% a bit before 2008, then another dip and rise to almost 32% today.
Am I misreading the graph? If not, the percentage of wealth owned by the 1% is on track to have increased 50% over ~40 years. (23% --> 34.5%)