Distribution of Household Wealth in the U.S. since 1989

WTH happened to bottom 50 during 2010? Went to basically zero

Presumably that post GFC wipeout but still seems rather dramatic

	▲	lovich 9 hours ago \| parent [-]
		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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lithocarpus 12 hours ago | parent | prev | next [-]

In 27 years

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%.

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14 hours ago | parent | prev | next [-]

[deleted]

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phendrenad2 12 hours ago | parent | prev [-]

Give me one good reason why I should believe these numbers at all. Are they corroborated by independent third-parties who don't have a vested interest in making things look better than they are?