[rexpop]

> internal US inequality is actually shrinking

Since the 1980s, the United States has experienced a profound shift in wealth concentration toward the top of the economic ladder. The bottom half of American households controls just 2.5% of the nation's wealth.

That's 50% of the nation leveraging 2.5% of the purse-strings. That's not what I call "representation."

How can you tell such blatant falsehoods?

Edit: just because it's ridiculous the way some people pretend it's complicated or nuanced:

            ====================================================================================
                   U.S. HOUSEHOLD WEALTH VS. POPULATION: 10 / 40 / 50 SPLIT
    ====================================================================================
    Legend:
    [$] = 1% of Total U.S. Wealth
    [@] = 1% of U.S. Households (Population)
    ------------------------------------------------------------------------------------

    Top 10% of Households (90th - 100th Percentile)
    Wealth (~68.0%):
    $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
    Population (10%):
    @@@@@@@@@@


    Next 40% of Households (50th - 90th Percentile)
    Wealth (~29.5%):
    $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
    Population (40%):
    @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@


    Bottom 50% of Households (0 - 50th Percentile)
    Wealth (~2.5%):
    $$
    Population (50%):
    @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@

    ====================================================================================

[pclowes]

I am not saying that there isn’t inequality. I am also not saying that infinite inequality is good.

I am saying it would be better to be poor now than poor in 1980 even though the inequality is higher now.

I am saying that inequality by itself is not an especially meaningful measure.

I am saying that recently, 2019 through 2024, low wage income has risen in the US faster than high wage income.

https://www.epi.org/publication/strong-wage-growth-for-low-w...