Wealth inequality in the USπΊπΈ has never been wider:
The real wealth of the top 0.001% of US households has grown +3,500% since 1976.
At the same time, inflation-adjusted wealth of the top 0.01% and 0.1% has surged +2,200% and +1,200%, respectively.
By comparison, the average household has seen just a +200% increase.
As a result, there are now
-430,000 households worth $30million or more,
-74,000 worth over $100 million.
Meanwhile, ~72% of wealth for the top 0.1% is concentrated in corporate equities, mutual funds, and private businesses.
To put this into perspective, the bottom 50% of USπΊπΈ households had more debt than assets for nearly 2 decades,
Their average wealth turning positive after the 2020 pandemic, following $1,200 stimulus check and growing home values.
This Is EXACTLY Why #Bitcoin Was Discovered.
#HosKasi Or Choose Poverty By Default.
