Between 1989 and 2018 top one percent of Americans gained $21 trillion in wealth since 1989 while the bottom 50 percent lost $900 billion. People’s Policy Project, broke down the Federal Reserve’s newly released “Distributive Financial Accounts” data series and found that, overall, “the top one percent owns nearly $30 trillion of assets while the bottom half owns less than nothing, meaning they have more debts than they have assets.”
— source commondreams.org | Jun 14, 2019