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somsai

(179 posts)
3. Income inequality is growing, and it's contributing to a divide in America, Bernie is right
Fri Oct 3, 2025, 02:24 PM
Friday

I looked up the stats on how much it takes to be in the 0.1,%, somewhere around 62 million or more
How much to be in the 1% 11 to 13 million in 25
How much to be in the 10%, just under 2 million
and how large a share of the nation's wealth those demographics
https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/
On the linked chart the labels are above the demographic

So we are roughly cut into thirds, The top 0.1% combined with the 1% has about a third,
the 9% below that has about a third, and the 40% below that has about a third, the bottom 50% has pretty much nothing.

The top 10% is half of consumer spending by the way.

The 10% is more than 12 million households in the US. I"m not sure scapegoating the billionaires makes sense. They can spend a lot on campaigns but they only get one vote. I think the 12 million households in the ten percent have a lot more sway over how we look at things in the US. The 1% is still over a million houses.

For the first time our party won the votes of the six figure and over crowd. We might need to take a hard look at ourselves. It's not just Bezos who is pulling away from the working class.

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