MyBudget360.com
A true measure of economic vitality is measured by wealth. We can look at incomes or other measures of productivity but real wealth is measured by net worth. Who controls wealth in the U.S.? According to a study from the Joint Center for Housing Studies the top 25% of U.S. households control 87% of all wealth in the country. That number comes out to a nice hefty sum of $54.2 trillion. If we look even closer at income distribution, we will find that the top 1 percent in our country control 42 percent of all financial wealth. By all measures being able to acquire a piece of financial wealth was the hallmark of the middle class of previous years.
Today we have a society largely in debt to credit cards, auto loans, student loans, and immense mortgage debt. Net worth is measured by looking at assets minus liabilities and many Americans are lucky to break even while many have a negative net worth.
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"It is not enough to know that there is a shadow government pulling the strings of the visible government- we must also act to expose it, and defeat it!"-Mark Matheny
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