Even in 2019 when I took an intro to ethics class, we read an essay on wealth disparity and even then, the top 1% didn’t even fit in the same graph as everyone else.
Rate of change in 2021 (last data point on this graph) is nearly vertical. Five years of that would put a few zeros at the end of that figure, which is exactly what happened.
That can’t be accurate. The reality is way worse. The top 1% wouldn’t even be visible on the chart at that scale. What am I missing?
That it only goes up to 2021
Even in 2019 when I took an intro to ethics class, we read an essay on wealth disparity and even then, the top 1% didn’t even fit in the same graph as everyone else.
this must be of only the working class
I’d believe that the top end of the working class has a net worth of 15 million at the start of retirement
That’s gotta be it. Doctors and lawyers might retire with a net worth of $15M.
Billionaire oligarchs make that much in less than a month.
Rate of change in 2021 (last data point on this graph) is nearly vertical. Five years of that would put a few zeros at the end of that figure, which is exactly what happened.
Even before 2021, the disparity was already so great it wouldn’t have fit.