Monday, March 01, 2004
Fascinating page about wealth
A friend of mine sent me a link to this page: Facts about Wealth that every American should know. It contains some fascinating stuff. For example:
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- The [richest 1% of Americans] now own more than the bottom 90% [of Americans].
- The top 10% [of Americans] own 71% of all private wealth.
- Bill Gates alone has as much wealth as the bottom 40% of U.S. households.
- In the 22 years between 1976 and 1998, the share of the nation's private wealth held by the top 1% nearly doubled, going from 22% to 38%.
- In 1982 the wealthiest 400 individuals in the "Forbes 400" owned $92 billion. By 2000 their wealth increased to over $1.2 trillion.
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