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<blockquote data-quote="rickyb" data-source="post: 3348405" data-attributes="member: 56035">ok so this is not exactly what i said regarding 1% owning 75%&quot;...&nbsp; but this is from the washington post<a href="https://www.washingtonpost.com/posteverything/wp/2017/03/02/perspective-on-the-stock-market-rally-80-of-stock-value-held-by-top-10/?utm_term=.7b53b35d095c" target="_blank">Perspective | Yes, stocks are up. But 80 percent of the value is held by the richest 10 percent.</a>:The figures below show that, since the late 1980s, about 80 percent of the value of the market has been held by the top 10 percent. Within that top 10 percent, the share of stock wealth held by the top 1 percent is about equal to the share held by the 90-99th percentiles; both groups’ shares are twice as large as the share that the entire bottom 90 percent holds.<img src="https://www.washingtonpost.com/resizer/b7LodHVXe0hdMW4ukEbnFjIW0Xw=/1484x0/arc-anglerfish-washpost-prod-washpost.s3.amazonaws.com/public/DCWNW7HVWIYG5NDQ6RUJPXMUMI.png" alt="" class="fr-fic fr-dii fr-draggable " style="" />Source: Ed Wolff (The deeper problem here is the fact that wealth concentration is even more skewed toward the rich than income concentration. The median net worth (income + assets including homeownership – debt) of white households was about $117,000 in 2013. For African American households, the comparable figure is just under $2,000. In other words, black net worth is less than 2 percent that of white net worth.</blockquote>

[QUOTE="rickyb, post: 3348405, member: 56035"] ok so this is not exactly what i said regarding 1% owning 75%"... but this is from the washington post [URL="https://www.washingtonpost.com/posteverything/wp/2017/03/02/perspective-on-the-stock-market-rally-80-of-stock-value-held-by-top-10/?utm_term=.7b53b35d095c"]Perspective | Yes, stocks are up. But 80 percent of the value is held by the richest 10 percent.[/URL]: The figures below show that, since the late 1980s, about 80 percent of the value of the market has been held by the top 10 percent. Within that top 10 percent, the share of stock wealth held by the top 1 percent is about equal to the share held by the 90-99th percentiles; both groups’ shares are twice as large as the share that the entire bottom 90 percent holds. [IMG]https://www.washingtonpost.com/resizer/b7LodHVXe0hdMW4ukEbnFjIW0Xw=/1484x0/arc-anglerfish-washpost-prod-washpost.s3.amazonaws.com/public/DCWNW7HVWIYG5NDQ6RUJPXMUMI.png[/IMG] Source: Ed Wolff ( The deeper problem here is the fact that wealth concentration is even more skewed toward the rich than income concentration. The median net worth (income + assets including homeownership – debt) of white households was about $117,000 in 2013. For African American households, the comparable figure is just under $2,000. In other words, black net worth is less than 2 percent that of white net worth. [/QUOTE]

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