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- Hacker News
- Give me one good reason why I should believe these numbers at all. Are they corroborated by independent third-parties who don't have a vested interest in making things look better than they are?by phendrenad2
- Came here to say the same thing. It's a Trump-regime government body, how can we know whether the figures are real or not?
- In 27 years
The top 1% went from holding 22.8% of wealth to holding 31.6%
The bottom 50% went from holding 3.5% to 2.5%.
by lithocarpus - In simpler language:
The top 0.1% increased their share of the total wealth by 67%.
The top 1% increased their share of the total wealth by 40%.
And the bottom 50% decreased their share of the total wealth by 30%.
by lithocarpus - WTH happened to bottom 50 during 2010? Went to basically zero
Presumably that post GFC wipeout but still seems rather dramatic
by Havoc - As someone who had to shoplift food during the era if I wanted to eat, jobs were scarce and the meager savings that everyone in my financial situation had were quickly wiped out.by lovich