Chart Of The Day

Wealth one percent

Yglesias eyes the wealthiest Americans:

The basic punchline is that wealth — accumulated asset ownership — is very, very concentrated and has been growing more concentrated for a generation. Back in 1980, 0.01 percent of the population owned three percent of national wealth. Today that top 0.01 percent, about 32,000 people, owns about 11 percent of national wealth. That’s a staggering increase from an already high base.