| Abstrakt: |
1) https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/#quarter:118;series:Net%20worth;demographic:networth;population:1,3,5,7;units:levels s ^ 2) At the end of the first quarter of 2021, the wealthiest 1% had net real estate wealth holdings worth $4.4 trillion (after reducing them by the amount of their home mortgages of $.55 trillion.) Take out the net value of the real estate for the richest 1% and the poorest 50%, and the remaining wealth of the 1% as of the first quarter of 2021 is over 30 times greater than the holdings of the poorest 50%. That increase is much lower than the 400% increase when the net value of their real estate holdings are included as of the first quarter of 2021. Removing the net value of real estate results in the value of the wealth of the poorest 50% increasing just 36% since Obama became president. [Extracted from the article] |
