☆ Yσɠƚԋσʂ ☆@lemmy.ml to US News@lemmygrad.mlEnglish · 11 months agoTop 1% of u.s. earners now have more wealth than the middle classmedia.mas.toimagemessage-square24fedilinkarrow-up199arrow-down13file-text
arrow-up196arrow-down1imageTop 1% of u.s. earners now have more wealth than the middle classmedia.mas.to☆ Yσɠƚԋσʂ ☆@lemmy.ml to US News@lemmygrad.mlEnglish · 11 months agomessage-square24fedilinkfile-text
cross-posted from: https://lemmy.ml/post/9299269 https://www.usatoday.com/story/money/2023/12/06/top-1-american-earners-more-wealth-middle-class/71769832007/
minus-square🏳️⚧️ 新星 [she/they]@lemmygrad.mllinkfedilinkEnglisharrow-up14·edit-211 months agoThey defined middle class as the top 80% that are not in the top 20%, not “60% of middle income earners”. I’m guessing your missing wealth is in the top 20% that aren’t in the top 1%
minus-squareNeelixBiederman [he/him]@hexbear.netlinkfedilinkEnglisharrow-up6·11 months agoAh ok, so top income earners from 2-19% would account for that 39%. Seems right. https://youtu.be/QPKKQnijnsM?si=uX5nOhWhyStz7VaB this is my basis for comparison. Still one of the best “income inequality explained” videos of all time
minus-squareTankieReplyBot@lemmygrad.mlBlinkfedilinkarrow-up2·11 months agoI found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy: yewtu.be inv.zzls.xyz yt.artemislena.eu piped.video
They defined middle class as the top 80% that are not in the top 20%, not “60% of middle income earners”.
I’m guessing your missing wealth is in the top 20% that aren’t in the top 1%
Ah ok, so top income earners from 2-19% would account for that 39%. Seems right.
https://youtu.be/QPKKQnijnsM?si=uX5nOhWhyStz7VaB this is my basis for comparison. Still one of the best “income inequality explained” videos of all time
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy: