Average household wealth by wealth class (in 1998 dollars): (Remember that $100-billion is 10,000 times greater than the average wealth of the top 1%.)
Wealth class Average wealth of class
Top 1% $10,203,700
Next 4% $1,441,200
Next 5% $623,500
Next 10% $344,900
*********
Next 20% $161,300
Next 20% $61,000
Next 20% $11,000
Last 20% -$8,900
That's what i'm talking about. Now, do you see how there could be a little problem?
|