“In the United States, wealth is highly concentrated in a relatively few hands. As of 2010, the top 1% of households (the upper class) owned 35.4% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 53.5%, which means that just 20% of the people owned a remarkable 89%, leaving only 11% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth (total net worth minus the value of one’s home), the top 1% of households had an even greater share: 42.1%.”
— G. William Domhoff | Wealth, Income, and Power

In the United States, wealth is highly concentrated in a relatively few hands. As of 2010, the top 1% of households (the upper class) owned 35.4% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 53.5%, which means that just 20% of the people owned a remarkable 89%, leaving only 11% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth (total net worth minus the value of one’s home), the top 1% of households had an even greater share: 42.1%.”

— G. William Domhoff | Wealth, Income, and Power

558 notes

Show

  1. earthreality reblogged this from zeshuetoral
  2. freshonice reblogged this from andresc64
  3. andresc64 reblogged this from zeshuetoral
  4. zeshuetoral reblogged this from russalex
  5. eclecticdreamweaver reblogged this from russalex
  6. cthulhulovesewe reblogged this from russalex
  7. russalex reblogged this from labor411
  8. juneboogie reblogged this from labor411 and added:
    Damn shame
  9. moon13 reblogged this from labor411
  10. labor411 reblogged this from america-wakiewakie
  11. gaschoos reblogged this from america-wakiewakie
  12. thatartfreak reblogged this from brattymaddy7
  13. brattymaddy7 reblogged this from america-wakiewakie
  14. slutty-owl reblogged this from america-wakiewakie
  15. clokyland reblogged this from resistanceshows
  16. yessirawr reblogged this from america-wakiewakie
  17. the-proletariat-project reblogged this from america-wakiewakie
  18. veraamber reblogged this from cuntwarrior
  19. scarymaryy reblogged this from bodhisattva-bohemian
  20. the-cutemunist reblogged this from chorjavon
  21. welcometoberkeley reblogged this from our-youth-itsonlyjustbegun
  22. illuminatedelegance reblogged this from chorjavon
  23. our-youth-itsonlyjustbegun reblogged this from chorjavon
  24. bodhisattva-bohemian reblogged this from chorjavon
  25. chorjavon reblogged this from thedemsocialist
  26. ironicsonic reblogged this from velvetembracer
  27. velvetembracer reblogged this from etre-exsangue and added:
    Didn’t fact check, so I’m obv not taking at face value but if it is true: Shit.
  28. etre-exsangue reblogged this from northwestwade
  29. northwestwade reblogged this from resistanceshows
  30. a-laura-ble reblogged this from cuntwarrior
  31. to-kyo-to reblogged this from america-wakiewakie
  32. mzfrizzzle reblogged this from pixieandcorky and added:
    Money
  33. nusoulseeker reblogged this from pixieandcorky