There is no starker measure of inequality in the United States than net wealth—and over the last four years, the divide has only grown.
There is no starker measure of the United States’ growing inequality than net wealth—a metric that captures not just the accumulation of income inequality over time, but the deep sedimentary advantages of inherited wealth as well. Since 1962, the top 10 percent’s share of income has grown from 36 percent to 47 percent; over that same span, the top 10 percent’s share of wealth has hovered around 70 percent. In 2016, according to the latest Survey of Consumer Finances (SCF), the top 10 percent claims 77 percent of U.S. wealth. And about half of that, 38.5 percent in 2016, is claimed by the top 1 percent alone. Read More at Dissent