Fed estimates that in June 2020 top 10% of U.S. households hold 69% of wealth ($77.3 trn), up from 60.9% share 1989. Gain mainly due to top 1% whose share rose from 23.7% in 1989 to 30% today. Bottom half’s share, meanwhile, has fallen from 3.6% to 1.9%.
bloomberg.com/news/articles/… https://t.co/VbYvc6ddCh
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…