Saturday, June 15, 2019

America's inequality highlighted again

"Between 1989 and 2018, the top one percent increased its total net worth by $21 trillion," Matt Bruenig, founder of the left-wing think tank People's Policy Project having broke down the Federal Reserve data, explained  "The bottom 50 percent actually saw its net worth decrease by $900 billion over the same period."

The top one percent owns nearly $30 trillion of assets while the bottom half owns less than nothing, meaning they have more debts than they have assets

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