In America from 2009 to 2011, the richest 8 million families (the top 7%) on average saw their wealth rise from $1.7 million to $2.5 million each. Meanwhile the rest of us -- the bottom 93% (that's 111 million families) -- suffered on average a decline of $6,000 each.
That means the top 7% gained $5.6 trillion in net worth (assets minus liabilities) while the rest of lost $669 billion.
Their wealth went up by 28% while ours went down by 4 percent.
That means the top 7% gained $5.6 trillion in net worth (assets minus liabilities) while the rest of lost $669 billion.
Their wealth went up by 28% while ours went down by 4 percent.
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