80% of Americans own just 7% of the country's wealth
Some nice charts at the link.
80% of Americans own just 7% of the country's wealth
By KATHLEEN ELKINS - June 15th 2015
It turns out that Americans severely underestimate the gap between the rich and the rest of the population.
In a 2011 study, Harvard business professor Mike Norton and economist Dan Ariely asked over 5,000 Americans how they thought wealth was distributed in the US, and what the ideal distribution looks like.
Most participants were far from understanding the extent of income inequality, which is not surprising considering the incomprehensibly wide wealth gap that exists.
To bring the study's findings to life, YouTube user politizane created a video that presents the data in several eye-opening graphics.
Here is one of the more shocking charts, which reveals that the bottom 80% of Americans have just 7% of the nation's wealth:
~Snip~
Read more:
http://www.businessinsider.com/inequality-in-the-us-is-much-more-extreme-than-you-think-2015-6#ixzz3dA8T5y2E
Article based on this video:
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