I think it is also worth mentioning that income distribution (how much we made last year) is not nearly as complete an index of economic well being as wealth distribution ( the value of all the things we own --homes, businesses, investments, savings, personal property, etc. Wealth is far more unequally distributed than income. (e.g. Whites earn twice as much as Blacks but have fourteen times as much accumulated wealth as Blacks. The richest one percent earn percapita, sixty-three times as much as the poorest twenty percent, but they have 500 times the percapita wealth of the poor, EVEN WHEN THOSE WITH NO WEALTH OR NEGATIVE WEALTH ARE IGNORED!) In the mid 80s, when there was less inequality than there is now. six percent of the households owned fifty percent of all personal wealth.
Inequality
(e.g. Whites earn twice as much as Blacks but have fourteen times as much accumulated wealth as Blacks. The richest one percent earn percapita, sixty-three times as much as the poorest twenty percent, but they have 500 times the percapita wealth of the poor, EVEN WHEN THOSE WITH NO WEALTH OR NEGATIVE WEALTH ARE IGNORED!) In the mid 80s, when there was less inequality than there is now. six percent of the households owned fifty percent of all personal wealth.