The richest 1% own more than the middle 60%

A closer look

Trickle-down economics has been spectacularly successful, provided you look at the trickle going aggressively upward. Recent data confirms that the richest one percent of Americans have hoarded more aggregate wealth than the entire middle 60 percent of the population. While average wages completely stagnated against inflation, the billionaire class practically doubled their net worth during the pandemic. We are rapidly speed-running our way back to feudalism, just with better smartphones.