Forum Post: Got this off of Yahoo News
Posted 13 years ago on Oct. 13, 2011, 12:10 a.m. EST by Atoll
(185)
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1) The Top 1% Owns 40% of the Nation's Wealth:
Nobel Laureate Joseph Stiglitz points out the richest 1% of Americans now own 40% of the nation's wealth. This disparity is much worse than it was in the past, as just 25 years ago the top 1% owned 33% of national wealth.
How much does the bottom 80% own? Only 7%.
2) The Top 1% Take Home 24% of National Income:
While the richest 1% of Americans take home almost a quarter of national income today, in 1976 they took home just 9% -- meaning their share of the national income pool has nearly tripled in roughly three decades.
3) The Top 1% Own Half of the Country's Stocks, Bonds and Mutual Funds: The Institute for Policy Studies illustrates this massive disparity in financial investment ownership, noting that the bottom 50% of Americans own only 0.5% of these investments.
4) The Top 1% of Americans Have Only 5% of the Nation's Personal Debt:
Using 2007 figures, sociologist William Domhoff points out that the top 1% have 5% of the nation's personal debt while the bottom 90% have 73% of total debt.
http://finance.yahoo.com/blogs/daily-ticker/top-5-facts-america-richest-1-183022655.html
And I have no idea. I just copied and pasted.
Thank you for the info. Please site with a link (we need a wiki of some sort.)
Also, how did you get the large text?
Cripes. See above.
Thank you :)