How America’s 1% build their wealth – MarketWatch
As the financial divide between the rich and everyone else deepens, a new study shows how the wealthiest Americans build their wealth versus everyone else.
From 2001 to 2016, average wealth for the bottom 90% grew by 17%, rising from $120,000 to $140,000. Over the same period, the top 1% of households saw their wealth balloon 49%, from $7.7 million to $11.5 million, the authors said. The top 1% has as much wealth as the bottom 90%, they added.