The Distribution of Wealth in America
There is very little data about the distribution of wealth in America. There is one source, the Survey of Consumer Finances, sponsored by the Federal Reserve Board, that does provide data from 1983.
These data suggest that wealth is concentrated in the hands of a small number of families. The wealthiest 1 percent of families owns roughly 34.3% of the nation's net worth, the top 10% of families owns over 71%, and the bottom 40% of the population owns way less than 1%.
MOTHER JONES - It's The Inequity, Stupid
Eleven charts that explain what's wrong with America.
Want more charts like these? See our charts on the secrets of the jobless recovery, therichest 1 percent of Americans, and how the superwealthy beat the IRS. A huge share of the nation's economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244.
IMAGES FOR WEALTH DISTRIBUTION Click here
US CENSUS BUREAU the 2012 Statistical Abstract