The Economist: Forget the 1% - The 16,000 US families making up the richest 0.01%, with an average net worth of $371m, now control 11.2% of total wealth-back...

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The Economist: Forget the 1% - The 16,000 US families making up the richest 0.01%, with an average net worth of $371m, now control 11.2% of total wealth-back to the 1916 share, which is the highest on record. Those down the distribution have not done quite so well: the top 0.1% (consisting of 160,000 families worth $73m on average) hold 22% of America's wealth, just shy of the 1929 peak-and exactly the same share as the bottom 90% of the population. Meanwhile the share of wealth held by families from the 90th to the 99th percentile has actually fallen over the last decade, though not by as much as the net worth of the bottom 90%. (VIEW LINK)


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