[ahmeneeroe-v2]

This comment is as out of touch with middle class Americans as those "top 50k" are with the middle class.

There is a huge gulf between the poorest 10% and the top 50%.

[BizarroLand]

Half of the American population are contained in the bottom 10% of wealth in America.

Every other American is in the bottom 10%, and 1 in ~7,500 are in the top 10%.

If I were a gambling man I wouldn't take those odds.

[ahmeneeroe-v2]

1 in 10 Americans are in the top 10%.

1 in 10 Americans are in the bottom 10%.

[atmavatar]

I'm pretty sure GP was talking more about which groups own which percentage of wealth in America

i.e., the bottom 50% of Americans population-wise own 10% of the overall wealth, while the top 7,500 people (0.002% population-wise) own 10% of the overall wealth.

That said, those numbers are actually overly optimistic. The wealth chart offered up by the federal reserve show the bottom 50% population-wise only own 2.5% of the wealth. Particularly alarming (though not surprising) is how much that share has shrunk in the last 20 years.

See: https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr...

[ahmeneeroe-v2]

Oh that makes much more sense, thanks for clarifying.

Still, a quick google search says Europe's bottom 50% own only 1.2% of the wealth there.

[bestouff]

Maybe. But they have free healthcare and a better living.