Wealth Inequality Starts at the Top
The Big Picture
JUNE 22, 2023
Using IRS data, University of California at Berkeley’s Emmanuel Saez and Gabriel Zucman’s 2014 study found: The share of total wealth of the top 1% has increased steadily, from below 25% in 1978 to 42% in 2012. The top 0.01% of US households had at least $111 million in net worth in 2012, compared to $4 million for the 1 %.
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