As someone who had to shoplift food during the era if I wanted to eat, jobs were scarce and the meager savings that everyone in my financial situation had were quickly wiped out.
Give me one good reason why I should believe these numbers at all. Are they corroborated by independent third-parties who don't have a vested interest in making things look better than they are?
WTH happened to bottom 50 during 2010? Went to basically zero
Presumably that post GFC wipeout but still seems rather dramatic
As someone who had to shoplift food during the era if I wanted to eat, jobs were scarce and the meager savings that everyone in my financial situation had were quickly wiped out.
In 27 years
The top 1% went from holding 22.8% of wealth to holding 31.6%
The bottom 50% went from holding 3.5% to 2.5%.
Give me one good reason why I should believe these numbers at all. Are they corroborated by independent third-parties who don't have a vested interest in making things look better than they are?