Top 1% of u.s. earners now have more wealth than the middle class (media.mas.to)

submitted 11 months ago by yogthos@lemmy.ml to c/us_news@lemmygrad.ml

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cross-posted from: https://lemmy.ml/post/9299269

https://www.usatoday.com/story/money/2023/12/06/top-1-american-earners-more-wealth-middle-class/71769832007/

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[-] keepcarrot@hexbear.net 6 points 11 months ago

There's a 19% gap between the "middle 60%" and the 1% that has a bunch of money.

Idk who has decided these numbers or why they're significant. Seems pretty arbitrary

[-] WaterBowlSlime@lemmygrad.ml 5 points 11 months ago

This article linked to this page to explain why they chose that definition of middle class. It's because statisticians like it so yeah, pretty arbitrary.

this post was submitted on 14 Dec 2023

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