The wealth gap between America’s richest and poorer families more than doubled from 1989 to 2016

The wealth gap between America’s richest and poorer families more than doubled from 1989 to 2016, according to a @pewresearch analysis.

6 facts about economic inequality in the U.S.: https://t.co/VBHRkrh9cw pic.twitter.com/ORIsRleML7

— Katherine Schaeffer (@katschaeffer) February 7, 2020

Some 72% of wealth accumulated between 2009 and 2019 went to the richest 10% of households. The poorest 50% of households reaped only 2% of wealth gains.https://t.co/MG7uqMIRwo

— Jonnelle Marte (@Jonnelle) February 5, 2020

Sigh. Why is it these headlines don’t specify that the story is only referencing white people? The most left behind are African Americans and 3% consider themselves Republican. These same groups of white voters supported George Wallace. https://t.co/Gc7o0NarRC

— stuart stevens (@stuartpstevens) January 28, 2020

Social Mobility Index, 2020:

1) 🇩🇰
2) 🇳🇴
3) 🇫🇮
4) 🇸🇪
5) 🇮🇸
6) 🇳🇱
7) 🇨🇭
8) 🇦🇹
9) 🇧🇪
10)🇱🇺
11) 🇩🇪
12) 🇫🇷
13) 🇸🇮
14) 🇨🇦
15) 🇯🇵
16) 🇦🇺
17) 🇲🇹
18) 🇮🇪
19) 🇨🇿
20) 🇸🇬

…

27) 🇺🇸

You’re now more likely to move up economically in Denmark or Sweden than in America.

— Robert Reich (@RBReich) January 26, 2020

The 26 richest people on Earth now own as much as the 3.8 billion who form the poorer *half* of the planet’s population.

Again, 26 people own as much as 3.8 billion people.

26 v. 3,800,000,000

— Robert Reich (@RBReich) January 19, 2020

Your Monday morning reminder that the richest 0.1% of Americans now owns a bigger share of the pie than at any time since 1929, just before the Wall Street crash.

This can’t go on forever.

Tax the rich.

— Robert Reich (@RBReich) January 6, 2020

Lower-income Republicans are more likely than higher-income Republicans to say there’s too much economic inequality in the country today (48% vs. 34%). https://t.co/xUsKskZUkA

— Pew Research Center (@pewresearch) January 13, 2020

Almost as soon as he got into office, Trump gave the 1% and massive corporations a massive tax cut.

If you want a president that addresses our country’s income inequality, he’s not your guy. https://t.co/j65wnVQz9l

— DNC War Room (@DNCWarRoom) January 12, 2020

The Dow soars, wages don’t.

Inequality in a nutshell. https://t.co/hD1g1y4uBk

— Alexandria Ocasio-Cortez (@AOC) January 12, 2020

Chart: Income inequality in the U.S. is rising and is the highest among G-7 countries. https://t.co/Hq9CwIbEjj pic.twitter.com/xldoTpLRLv

— Pew Research Center (@pewresearch) January 11, 2020

The DOW:

2017 – 19819.78
2018 – 23,062.40
2019 – 28,583.44

– Gain of 44.2%

Median Household Income:

2017 – $62,626
2018 – $63,179
2019 – $63,688

– Gain of 1.6%

Mininum Wage:

2017: $7.25
2018: $7.25
2019: $7.25

– Gain of 0.0%

— Nick Jack Pappas (@Pappiness) January 10, 2020

The median income of U.S. households stood at $74,600 in 2018, 49% higher than its level in 1970, when the median income was $50,200. https://t.co/Hq9CwIbEjj

— Pew Research Center (@pewresearch) January 10, 2020

1) Almost half of Americans don’t own stocks
2) 10% of Americans own 86% of all stocks
3) Only 32% of the workforce has a 401(k)
4) The stock market is not the economy
5) The deficit is exploding
6) You should be in prison https://t.co/0Newg9mPkW

— Andrew Weinstein (@Weinsteinlaw) January 9, 2020

Only U.S. families in the top 20% in terms of net worth have gained back the wealth lost during the Great Recession. https://t.co/5galjPVbj1

— Pew Research Center (@pewresearch) January 9, 2020

Here's how much of their wealth the 10 richest Americans gave to charity in 2018:

Ellison: 0%

Page: 0%

Brin: 0%

Bezos: 0.1%

D. Koch: 0.1%

C. Koch: 0.5%

Zuckerberg: 0.7%

Bloomberg: 1.5%

Gates: 2.6%

Buffet: 3.9%

Billionaire philanthropy will not save us. Tax the rich.

— Public Citizen (@Public_Citizen) January 3, 2020

Fraction of all US wealth owned by Boomers & Gen-Xers when the average member of each was age 35:

Boomers, 1989 21%
GenX, 2008 8%

The average Millennial turns 35 in 2023. Right now they own 3%.

There will surely be political implications.https://t.co/j1pNrt8mll

— Kurt Andersen (@KBAndersen) November 24, 2019

The money left behind for middle-class Americans is dwarfed by that inherited by the children of the very wealthy https://t.co/aHw3dngNh1

— Los Angeles Times (@latimes) November 30, 2019