|
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.
__________________
1983 300D (parked for four years)
2012 VW Sportwagen TDI Manual
2001 Miata SE
1962 Chevrolet Corvair Rampside
|