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Re: SOROS post# 396694

Sunday, 11/16/2008 2:27:20 PM

Sunday, November 16, 2008 2:27:20 PM

Post# of 495952
The Wealth Distribution

In the United States, wealth is highly concentrated in a relatively few hands. As of 2001, the top 1% of households (the upper class) owned 33.4% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 51%, which means that just 20% of the people owned a remarkable 84%, leaving only 16% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth, the top 1% of households had an even greater share: 39.7%.


http://sociology.ucsc.edu/whorulesamerica/power/wealth.html

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