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Old 04-21-2003, 10:27 PM
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DieselHead DieselHead is offline
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Join Date: May 2001
Location: Manhattan; Shelter Island
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I'll try to find you more sources, but this should suffice.

The wealthiest 1% (96% of that wealth is tied up in things other than their house) control 39.5 of the country's wealth. Oh, and that only accounts for the declared assets of the 1%. Surely, if they're "smart" enough to accumulate so much wealth, they have found ways to hide some of it.

The top 4% control 64%.

Wolff, Edward. 1998. "Recent Trends in the Size Distribution of Household Wealth." Journal of Economic Perspectives. Vol. 12, No. 3, 131-150.

It's amazing that most Americans are unaware of the actual wealth distribution in this country.

Narwhal,
Don't worry, I was just kidding. Hate those Princeton kids.
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