{"id":9811,"date":"2015-07-08T06:56:29","date_gmt":"2015-07-08T11:56:29","guid":{"rendered":"http:\/\/olduvai.ca\/?p=9811"},"modified":"2015-07-08T06:56:29","modified_gmt":"2015-07-08T11:56:29","slug":"u-s-wealth-concentration-the-most-accurate-current-estimates","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=9811","title":{"rendered":"U.S. Wealth-Concentration: The Most-Accurate Current Estimates"},"content":{"rendered":"

U.S. Wealth-Concentration: The Most-Accurate Current Estimates<\/a><\/h3>\n

CURRENT REALITIES:<\/b><\/span><\/p>\n

Wealthiest Tenth (10%) of Americans\u00a0Own 75% of America<\/span><\/a>; They\u00a0Draw 40% of All U.S. Income<\/span><\/a>.<\/span><\/p>\n

Wealthiest Hundredth (1%) of Americans\u00a0Own 43% of America<\/span><\/a>; They\u00a0Draw 20% of All U.S. Income<\/a>.<\/span><\/span><\/p>\n

Wealthiest Thousandth (0.1%) of Americans\u00a0Own 22% of America<\/span><\/a>; They\u00a0Draw 8% of All U.S. Income<\/span><\/a>.<\/span><\/p>\n

Wealthiest Ten-Thousandth (0.01%)\u00a0Own 11.2% of America<\/span><\/a>; They\u00a0Draw 5% of All U.S. Income<\/span><\/a>.<\/span><\/p>\n

Wealthiest 0.0025% (Forbes 400) Own\u00a02.75% (of all trackable privately-held wealth, not including \u2018non-profits\u2019 that are controlled by them).<\/span><\/p>\n

That last (2.75%) is\u00a0this $2.29 trillion<\/span><\/a>\u00a0divided by\u00a0this $83,296 billion<\/span><\/a>\u00a0(representing all of the privately owned wealth in the U.S.),\u00a0in the final quarter of 2014.<\/span><\/p>\n

Incidentally, the wealthiest tenth are\u00a0worth over $1 million and draw incomes above $200,000<\/span><\/a>; so: they\u2019re all \u201cmillionaires\u201d in common parlance;\u00a0all<\/i>\u00a0of the \u201ctop 10%\u201d are.<\/span><\/p>\n

Following will be mirror-images of the above-cited breakdowns:<\/span><\/p>\n

Poorest 90% of Americans Own 25% of America; They Draw 60% of All U.S. Income.<\/span><\/p>\n

Poorest 99% of Americans Own 57% of America; They Draw 80% of All U.S. Income.<\/span><\/p>\n

Poorest 99.9% of Americans Own 78% of America; They Draw 92% of All U.S. Income.<\/span><\/p>\n

Poorest 99.99% of Americans Own Less Than 88.8% of America; They Draw Less Than 95% of All U.S. Income.<\/span><\/p>\n

Poorer 50%: Comprehensive figures for the wealthier and poorer 50% of Americans haven\u2019t been published as recently. However,\u00a0for the year 2010<\/span><\/a>, the wealthier 50% of Americans owned 98.9% of America, and the poorer 50% of Americans owned 1.1% of America.\u00a0That 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\u2019s total), because of the bailouts to Wall Street.\u00a0<\/span><\/span><\/p>\n

…click on the above link to read the rest of the article…<\/p>\n

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U.S. Wealth-Concentration: The Most-Accurate Current Estimates CURRENT REALITIES: Wealthiest Tenth (10%) of Americans\u00a0Own 75% of America; They\u00a0Draw 40% of All U.S. Income. Wealthiest Hundredth (1%) of Americans\u00a0Own 43% of America; They\u00a0Draw 20% of All U.S. Income. Wealthiest Thousandth (0.1%) of Americans\u00a0Own 22% of America; They\u00a0Draw 8% of All U.S. Income. Wealthiest Ten-Thousandth (0.01%)\u00a0Own 11.2% of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[124,157,1769,199,1491,305,2329,7081,7082,584,655,7083,860,869],"class_list":["post-9811","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-conservatism","tag-corruption","tag-deep-state","tag-fascism","tag-federal-reserve","tag-income-inequality","tag-neofeudalism","tag-new-nobility","tag-obama","tag-propaganda","tag-u-s-dollar","tag-wall-street","tag-wealth-inequality"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9811"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9811\/revisions"}],"predecessor-version":[{"id":9812,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9811\/revisions\/9812"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}