Interesting stat —
Chad Stone compares the income gap to the wealth gap:
- 45 percent of before-tax income goes to the top 10 percent of families ranked by income. An astounding 75 percent of wealth goes to the top 10 percent of families ranked by wealth. If previous years’ surveys are a guide, we’ll discover once all the data are available, that, in each case, nearly half of the income received or wealth held by the top 10 percent in each distribution is received or held by the top 1 percent.