re The Middle Class in America Is Radically Shrinking. Here Are the Stats to Prove it

[Dave Farber <dave () farber net>]

Begin forwarded message:

> From: "Berch, Daniel" <dberch () pellresearch com>
> Date: July 25, 2010 10:48:10 PM EDT
> To: dave () farber net
> Cc: alukaszewski () acm org
> Subject: RE: The Middle Class in America Is Radically Shrinking. Here Are the Stats to Prove it

> Dave,
>  
> Ran across your note and found it interesting but potentially wrong...
>  
> The first statistic states that the Top 1% controls 83% of all U.S. stocks.
>  
> HOWEVER: this is still down from 1962, when the Top 1% controlled 94% of all U.S. stocks.
>  
> While I am quite alarmed about the middle class and agree with the overall hypothesis, I am more alarmed by 
> misleading statistics!
>  
>       top 1%  top 9%  next 10%        next 20%        middle 20%      Bottom 40%              Top 1% Control of Total 
> Wealth
> 1962  2617    134     15      5       1.2     0.3             94%
> 1989  1283    141     28      10      4       0.7             87%
> 2001  3568    512     132     41      12      1.8             84%
> http://www.businessinsider.com/22-statistics-that-prove-the-middle-class-is-being-systematically-wiped-out-of-existence-in-america-2010-7#83-percent-of-all-us-stocks-are-in-the-hands-of-1-percent-of-the-people-1
>  
>  
> Best,
>  
> Daniel
>  
>  



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