Here’s a crazy stat from Bloomberg:
Half of American households account for 97.5% of the wealth in this country.
This is the breakdown from Federal Reserve data:
On the one hand these numbers — 2.5% of wealth — seem almost impossible for the bottom 50%.
On the other hand, this is an improvement from the last decade.
It was much worse coming out of the Great Financial Crisis. In 2011, the top 50% control…