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We are the 99% is a political slogan widely used and coined during the 2011 Occupy movement. The phrase directly refers to the income and wealth inequality in the United States, with a concentration of wealth among the top-earning 1%.
The Great Recession also caused a drop of 36% in median household wealth, but a drop of only 11% for the top 1%, further widening the gap between the top 1% and the bottom 99%. [16] [15] [17] According to PolitiFact and other sources, in 2011, the 400 wealthiest Americans had more wealth than half of all Americans combined.
[2] [3] However, when looked at in relative terms, wealth is highly concentrated: the bottom 50% of Americans only share 2% of total household wealth while the top 1% hold 35% of that wealth. In the United States, as of 2019, the median household income is $60,030 per year and the median household net worth is $97,300, while the mean household ...
The CBO writes that growth of wealth in the bottom 25% averaged 3.9% from 1989 to 2019 and 12.4% from 2019 to 2022—largely driven by increases through Social Security wealth. This story was ...
The average income of everyone else (the “bottom 99%”) is $50,107. But despite the average annual income of that top 1%, not all of them would be considered wealthy.
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The Great Recession also caused a drop of 36.1% in median household wealth but a drop of only 11.1% for the top 1%, further widening the gap between the 1% and the 99%. [ 40 ] [ 24 ] [ 39 ]
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