A leftist hears "Wealth Distribution" and they figure it means that it was distributed by someone to others unfairly. Of course, Obama and his cronies like to concentrate on income disparity but NEVER talk about what they claim to care about - wealth disparity. After all they already have their wealth, so income is a choice. They can decide on thier expenses and then adjust their income to match. The rest of us have to do it the other way around- letting out income decide what we can afford.
So lets separate the wheat from the Chaff and have a look at the
wealth disparity of the United States (this is essentially savings - in all forms- in your house, in cars, in vehicles, in jewelry, etc)
Wish he had it by age and by race as well.
So Flat(ish) areas indicate that there are not a lot of people that fall into that category- hence the percentile only goes up marginally - the sharp kink upward occurs at somewhere between $1000 and $5000 net worth. So what that means that about 20% of the population are worth less than $5000, including negative dollar amounts. We call those people lousy, no good non-contributing zeros, or "Democrats" for short. I would love to know the age and race makup of this group, but sadly that is not to be, so I will let everyone guess.
$5000-30,000 roughly defines the next quintile. Again I would love to know the ages, as I bet this is predominantly people in their mid twenties. Starting to save, but without the income required to make savings grow quickly.
The Middle quintile- the next 20% of the population - runs from roughly 30000 to 120,000. What ages to you bet they are? 30-50?
The next quintile runs from 120K up to 400K. Probably mostly people reaching retirement - they own a significant portion of their homes, have saved in 401Ks and IRAs
Then the last quintile is the "rich" that top 20%. So how many households of that 20% have a net worth over 1,000,000? Less than 20% Or only the top quintile of the top qunitile or 3.7% of all households. So 4/5 of the top quintile is probably small business owners - whose business - the one they have to run, manage, and work at every day, is worth $200-500K. Materially, they are probably just like the people in the 4th quintile- they just own a business on top of it. They probably have about the same house, the same type of car, etc. They are well off, but probably just about as well off as any professional couple earning over 80K at a 9-5 job. Only they don't work 9-5. They work all of the time. They are ahead from the perspective that they can someday sell that business, and have that as additional savings-- you know, provide that Obama doesn't drive them out of business..
$2,500,000 is just abut where that curve touches 100%
So expect for the non-saving, non-working, credit abusing, no shows called the Democratic Base, the vast majority of people in this country are worth between 30K and 2.5 Million, and 60% of them are worth between 120K and 2.5 Million. . and that is after removing the amount of money they owe on their homes. That is out of 118 Million Households.