And while it would be great news if wealth across all of America had indeed risen as much as the chart above shows, the reality is that there is a big catch: as shown previously, virtually all of the net worth - most of it in the form of financial assets - and associated increase thereof, has only benefited a handful of the wealthiest Americans.
As the following chart from Deutsche Bank shows, the wealth inequality in the US is now as bad as it just during the Great Depression, with the top 0.1% of the US population owning as many assets as the bottom 90%.
Source: Torsten Slok, Deutsche Bank
In the CBO's latest, if somewhat dated, Trends in Family Wealth analysis published in 2016, the budget office showed a breakdown of the net worth chart by wealth group, which sadly shows how the "average" American wealth is anything but, and in reality most of that $100 trillion belongs to just 10% of the US population.
http://feedproxy.google.com/~r/zerohedge/feed/~3/mqyRqzvNEvM/household-wealth-hits-record-109-trillion-there-just-usual-catch
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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