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IPFS News Link • California

How The Rich Get Richer And The Poor Get Poorer

•, Global Macro Monitor

We are working off desk and not sure when power will be restored.  Take this as our first cut or swing in one of four at-bats.  

– We analyze the various components of the household balance sheet that drove net worth for the different percentile groups from Q1 2000 to Q1 2019

– The Top 1% are the ownership class, who hold over 60 percent of their assets in equity, in both public and non-corporate business and benefited greatly from QE

– The Bottom 50% of households have not benefited from the great asset inflation of the past ten years as their debt liabilities have exceeded the 93 percent growth in assets, resulting in an 8.6 percent decline in net worth from Q1 2000 to Q1 2019

– This post is a work in progress.  Stay tuned for further updates when they turn the power back on in Northern California

In keeping our commitment we made to GMM readers in the post, America's Perilous Path Of Wealth Distribution,  we have another follow-up with some additional and very interesting data on wealth distribution in the United States.    If you haven't read our previous posts, run don't walk for some deep background to this piece.  Here are the links,  America's Perilous Path Of Wealth Distribution and  Wealth Distribution In America

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