2023/12/09
2023/12/08
Todays Thought
The real index of civilization is when people are kinder than they need to be.
-Louis de Bernieres, novelist (b. 8 Dec 1954)
2023/12/07
The top 1% of American earners now own more wealth than the entire middle class
The top 1% of American earners now control more wealth than the nation’s entire middle class, federal data show.
More than one-quarter of all household wealth, 26.5%, belongs to Americans who earn enough money to rank in the top percentile by income, according to Federal Reserve statistics through mid-2023.
The top 1% holds $38.7 trillion in wealth. That’s more than the combined wealth of America’s middle class, a group many economists define as the middle 60% of households by income. Those households hold about 26% of all wealth.
Low-income Americans, representing the bottom 20% by income, own about 3% of the wealth.
Todays Thought
If we don't believe in freedom of expression for people we despise, we don't believe in it at all.
-Noam Chomsky, linguistics professor and political activist (b. 7 Dec 1928)
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