Welcome login | signup
Language en es fr
OccupyForum

Forum Post: Got this off of Yahoo News

Posted 13 years ago on Oct. 13, 2011, 12:10 a.m. EST by Atoll (185)
This content is user submitted and not an official statement

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.

5) The Top 1% Are Taking In More off the Nation's Income Than at Any Other Time Since the 1920s: Not only are the wealthiest 1% of Americans taking home a tremendous portion of the national income, but their share of this income is greater than at any other time since the Great Depression

4 Comments

4 Comments


Read the Rules
[-] 1 points by AN0NYM0US (640) 13 years ago

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?

[-] 1 points by Atoll (185) 13 years ago

Cripes. See above.

[-] 1 points by AN0NYM0US (640) 13 years ago

Thank you :)