The top 0.1% of American households hold the same amount of wealth as the bottom 90%
Business Insider Tue, Nov 22
It's no secret that the US has an inequality problem . But actually looking at the disparity between the top and the bottom can still be staggering. Deutsche Bank's chief international economist Torsten Sløk sent around a chart in a recent note to clients showing the share of US household wealth by income level. Notably, the top 0.1% of households now hold about the same amount of wealth as the bottom 90%. "US wealth ownership has changed significantly over the past several decades," Sløk wrote. Relatedly, back in August, Goldman Sachs' Sumana Manohar and Hugo Scott-Gall shared a chart comparing a given country's gross domestic product per capita to its Gini coefficient. The Gini coefficient ...
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