“The share of wealth held by families in the top 10 percent has reached 69 percent, while the share held by families in the bottom 50 percent is only 6 percent … (When future income claims from Social Security benefits are excluded, the bottom 50 percent hold only 3 percent of total wealth.)” And wealth increases for that bottom 50% have been in the form of “illiquid assets” that can't be used to pay bills and other increasing expenses.
American Wealth Is at a Record High. Sentiment Is Low, and Falling.
A surge in U.S. wealth has been driven by stock and home values. But the gains are concentrated at the top, leaving others in a sour economic mood.
nytimes.com