First Time Ever, The Top 1% Own More Than Half The World’s Wealth

| November 14, 2017

The top 1% of global wealth holders started the millennium with 45.5% of all household wealth. This share was about the same until 2006, then fell to 42.5% two years later. The downward trend reversed after 2008 and the share of the top one percent has been on an upward path ever since, passing the year […]

This Review Of Personal Earnings And Savings Goes Hand In Hand With Rising Entitlements. It’s Called The New Normal And It’s A Rut.

| September 25, 2012

Savings….The average American says, what savings? The main reason for the recent surge in consumer “confidence” in September was the near record surge in sentiment for those making $15,000-$25,000, which soared from 43.5 to 62.4 in the month, the most since April 2009. And whether this was due to their forecast of the future, and expectation […]

The Wealth Effect For The Rich Vs. Negative Wealth Effect For Everyone Else!

| April 25, 2011

“The Wealth Effect” — combined with low taxes on capital has concentrated American wealth into the hands of the richest 1%. Seven percent of income flows to the top 0.1 %. Meanwhile, tax receipts in general are the lowest as a percentage of GDP in a half century.

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