Here is the latest data (for the end of Q2 2021) from the Fed in terms of HOUSEHOLD net worth
This data takes away the objections being raised about counting children as a big part of the bottom 40%, 50% of the population.
https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/
As of Q2 2021 there was $134 trillion total in household net worth.
The bottom half of all households controlled only $3.03 trillion of that.
The top 1% of US households controlled $43.27 trillion. That is over 14 TIMES more for the 1% of households than the bottom half of households. The top 10% of households have 31 TIMES as much net wealth as the bottom 50%.
The trend for the top 1% and top 10% gaining is MASSIVE. In Q1 2020, just 15 months before, they 'only' controlled $30.8 trillion.
The top 1% of households have gained an insane $12.27 TRILLION in net worth in that 15 months.
The top 10% of households have a combined net worth of $93.8 trillion.
The top 10% pf households have gained almost $23 TRILLION in that same 15 months, obviously driven by the top 1%, but the other 9% are gaining enough to keep them extremely happy and willing to lash out at anyone trying to stop the systemic wealth extraction that is benefiting them as well.
The bottom half of all US households only gained a little over $1 trillion in that same 15 months.
These trends are ultimately unsustainable in terms of overall socio-political stability, especially as the costs of living, education, healthcare, etc are all on large upward trends, trends that have a massively disproportionate impact on the bottom half of US households, and especially the lowest deciles.
https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/
By %
In USD
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