During the first two years of the nation’s economic recovery, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped by 4%, according to Pew.
I knew it was uneven. But this inequality is staggering.
This is worth a read.
- Quote of the Day: “The Fed has kept things pretty good for the wealthy.” (pegasusadvisors.wordpress.com)
- The Stock Market’s Rally Drove Income Inequality In The First Two Years Of The Recovery (thinkprogress.org.feedsportal.com)