The rich and poor in 2 charts

The US Federal Reserve publishes a quarterly report called a “Distributional Financial Account” summary which at its core shows how assets (equities, real estate, consumer goods which appreciate and value, pensions) and liabilities (consumer debt, mortgages, etc) are distributed by demographic attributes like Wealth, age, race, etc. Check it out here when you have a moment.

The Top 1% of Americans owns 53% of all corporate equities and mutual funds while the bottom while the bottom 50% of Americans own less than 0.6% (that is 0.006)!