Tuesday, April 04, 2006
Question of the Day
by Tom Bozzo
A: 2.5 percent.
What fraction of total U.S. net worth is held by the lower 50 percent of the wealth distribution, according to the most recent available data?
A: 2.5 percent.
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I've saved the paper to read later, when my headache has faded a bit more. But my first reaction to that statistic is simply to feel my jaw dropping.
I hear you, PS. Equally jaw-dropping is that the recent peak was all of 3.8 percent.
You might also check out David Leonhardt in today's NYT, about which I may have more to say later -- very scarce time permitting.
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You might also check out David Leonhardt in today's NYT, about which I may have more to say later -- very scarce time permitting.
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