5 Charts Highlight The Growing Wealth Inequality In America Over The Past 50 Years

Americans across the income spectrum have generally grown wealthier over the past 50 years but those at the top (A. K. A. the “millionaire, billionaire, private jet owners” to use the parlance of our times) have made out much better than the rest of us. As the Urban Institute pointed out today, in 1963, families in the top 90th percentile of household wealth had roughly six times the wealth of families in the middle. By 2016, that had doubled to 12 times.
Here’s how that evolution of wealth distribution looks graphically:

This post was published at Zero Hedge on Oct 6, 2017.