The richest 1% of US citizens hold 31.9% of the nation’s wealth. This is the highest percentage since 1989, when the US started tracking such data, and is suspected to be the highest since World War II. The disparity may be more extreme because that 1% represents 1.4 million households within which are billionaires and now a trillionaire. “The bottom 50% consists of 67.7 million households with less than $264,000 in net worth.” That includes owned houses. In 1929, wealth inequality peaked and was capped the Great Depression. Tax policies then as now may also cap the growth. Otherwise, the trend is expected to continue.
Pretending Not To Panic 