Record inequality: The top 1% controls 38.6% of America's wealth!

America's inequality problem is getting worse.

The richest 1% of families controlled a record-high 38.6% of the country's wealth in 2016, according to a Federal Reserve report published on Wednesday.

That's nearly twice as much as the bottom 90%, which has seen its slice of the pie continue to shrink.

The bottom 90% of families now hold just 22.8% of the wealth, down from about one-third in 1989 when the Fed started tracking this measure.

http://money.cnn.com/2017/09/27/news/economy/inequality-record-top-1-percent-wealth/index.html?iid=hp-stack-dom

|