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The top one percent are now estimated to own between forty and fifty percent of the nation's wealth, more than the combined wealth of the bottom 95%.)
Wealth distribution in the U.S. is extremely concentrated, much more so than income. These statistics, on the other hand, only hint at the L-Curve phenomenon because the top 1% isn't scrutinized in sufficient detail. Still, compare the net worth of the top half of the top 1% with the bottom half of the top 1%! If you add them together and proportion them out, 3/4 of the wealth in the top 1% is actually in the top 0.5%.
Our consolation is the very wealthy are no smarter than you and me, they are just luckier.
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