Extreme wealth inequality in the USA

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By Leith van Onselen

The above YouTube video provides an easy-to-understand graphical presentation of wealth inequality across the United States, and is drawn from a variety of sources.

For me, the most shocking statistic to come out of the video is that the top 1% of Americans owns 40% of the nation’s wealth, whereas the bottom 80% own just 7% of total wealth. Unbelievable.

About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.