U.S. Wealth-Concentration: The Most-Accurate Current Estimates
CURRENT REALITIES:
Wealthiest Tenth (10%) of Americans Own 75% of America; They Draw 40% of All U.S. Income.
Wealthiest Hundredth (1%) of Americans Own 43% of America; They Draw 20% of All U.S. Income.
Wealthiest Thousandth (0.1%) of Americans Own 22% of America; They Draw 8% of All U.S. Income.
Wealthiest Ten-Thousandth (0.01%) Own 11.2% of America; They Draw 5% of All U.S. Income.
Wealthiest 0.0025% (Forbes 400) Own 2.75% (of all trackable privately-held wealth, not including ‘non-profits’ that are controlled by them).
That last (2.75%) is this $2.29 trillion divided by this $83,296 billion (representing all of the privately owned wealth in the U.S.), in the final quarter of 2014.
Incidentally, the wealthiest tenth are worth over $1 million and draw incomes above $200,000; so: they’re all “millionaires” in common parlance; all of the “top 10%” are.
Following will be mirror-images of the above-cited breakdowns:
Poorest 90% of Americans Own 25% of America; They Draw 60% of All U.S. Income.
Poorest 99% of Americans Own 57% of America; They Draw 80% of All U.S. Income.
Poorest 99.9% of Americans Own 78% of America; They Draw 92% of All U.S. Income.
Poorest 99.99% of Americans Own Less Than 88.8% of America; They Draw Less Than 95% of All U.S. Income.
Poorer 50%: Comprehensive figures for the wealthier and poorer 50% of Americans haven’t been published as recently. However, for the year 2010, the wealthier 50% of Americans owned 98.9% of America, and the poorer 50% of Americans owned 1.1% of America. That was the year after the crash had supposedly ended in 2009. The last prior year in that same study was 2007, the economic peak, and it showed the wealthier half owning 97.5% of America, and the poorer half owning 2.5% of it. In other words: the losses from the Wall Street economic crash went overwhelmingly to the poorer half of the U.S. population (their wealth going down from 2.5% to only 1.1% of America’s total), because of the bailouts to Wall Street.
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