It's not a massive change, but inequality continues to grow. To me, the most interesting thing is that even the 90-99% group declined in relative wealth; only the top 1% grew.
By the way, my understanding is that the majority of the wealth of the majority of people consists of the value of the house in which they live.
As someone who had to shoplift food during the era if I wanted to eat, jobs were scarce and the meager savings that everyone in my financial situation had were quickly wiped out.
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[ 2.1 ms ] story [ 15.2 ms ] threadTop 0.1%: 8.6%
99-99.9%: 14.2%
90-99%: 38.0%
50-90%: 35.7%
Bottom: 50% 3.5%
2026:Q1
Top 0.1%: 14.4%
99-99.9%: 17.2%
90-99%: 36.3%
50-90%: 29.6%
Bottom: 50% 2.5%
It's not a massive change, but inequality continues to grow. To me, the most interesting thing is that even the 90-99% group declined in relative wealth; only the top 1% grew.
By the way, my understanding is that the majority of the wealth of the majority of people consists of the value of the house in which they live.
The top 1% went from holding 22.8% of wealth to holding 31.6%
The bottom 50% went from holding 3.5% to 2.5%.
The top 0.1% increased their share of the total wealth by 67%.
The top 1% increased their share of the total wealth by 40%.
And the bottom 50% decreased their share of the total wealth by 30%.
Presumably that post GFC wipeout but still seems rather dramatic