Thursday, April 28, 2011

Getting At Something

Reading all these numbers are confusing, but they are on the right track in terms of figuring out how wealth is now distributed in the US. By lopping off the top 1% and then the top 10% of household who own the majority of wealth in the US, and discounting the bottom 25% who practically owe nothing, we are left with the "middle class," who per these numbers got raped by the housing crisis, ie lost nearly 50% of their wealth. Check the numbers.

No comments: