Friday, December 02, 2005

Wealth



Source: Edward N. Wolff, "Recent Trends in Wealth Ownership, 1983-1998," April 2000.


The top 10% own 71% of all private wealth.

The top 1% now own more than the bottom 90%.

Among the industrialized nations, the U.S. has the highest concentration of individual wealth -- roughly 3 times that of the No. 2 nation, Germany.