— Robert Reich (@RBReich) February 20, 2023
New CBO report: The poorest *half* of America — ~150 million people — hold only *2 percent* of the country's total wealth
— Jeff Stein (@JStein_WaPo) September 28, 2022
Wealth of top 10 percent has grown markedly since 1989
That tiny little line at the bottom of this chart is half the country pic.twitter.com/L3uLba3ht0
NEW: income inequality in US & UK is so wide that while the richest are very well off, the poorest have a worse standard of living than the poorest in countries like Slovenia https://t.co/gtHvhNsnuT
— John Burn-Murdoch (@jburnmurdoch) September 16, 2022
Essentially, US & UK are poor societies with some very rich people.
A thread: pic.twitter.com/fXFsULsrQ3
Wealth inequality in the U.S. has continued to intensify during the coronavirus pandemic. A recent Forbes Advisor survey of 2,000 people shows 78% of U.S. adults have little-to-no room to stretch their budget to cope with rising inflation. https://t.co/wzlZpP95pR
— MarketWatch (@MarketWatch) July 24, 2022
The Congressional Budget Office has determined that over the past 30 years:
— John Nichols (@NicholsUprising) September 29, 2022
A. The share of total wealth held by the top 1% rose from 27% to 34%.
B. The share of wealth held by the bottom 50% fell from 4% to 2%.
Face it, America is an oligarchy.https://t.co/3hW6ndp1Tv
NEW: Wages rose fastest for the top 1% and 0.1% of earners in 2021, while the bottom 90% took a pay cut.
— Economic Policy Institute (@EconomicPolicy) December 21, 2022
Inequality has skyrocketed over the past 40 years. This growing inequality isn’t inevitable—it is a result of policy choices to reduce worker power. https://t.co/h1Ex1MdaAX pic.twitter.com/WQYPjiqkjO
Sad! 