No Increase in Wealth Inequality for Top 1% Since 1960

Courtesy of Mish.

For all the ranting about the top 1% by the Economic Policy Institute and others, a US Berkeley study by Emmanuel Saez and Gabriel Zucman on The Distribution of US Wealth, Capital Income and Returns since 1913 shows no increase in wealth inequality for top 1% since 1960.

All of the increase in wealth inequality is not in the top 10% or top 1%, but rather the top .1% or top .01%. Here are some charts to consider.

click on any chart for sharper image

Wealth Has Been Always Concentrated

Top 10%

Top 1% Led by Surge of Top 0.1%

Little Recovery for the Merely Rich (Top 1% Minus Top 0.1%)

 

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