So far this page is entirely attributable to G. William Domhoff (except for the mistakes, which are all mine - A.Hagen)
http://sociology.ucsc.edu/whorulesamerica/power/wealth.htmlWho Owns What ? Table 1: Distribution of net worth and financial wealth in the United States, 1983-2007
| | Total Net Worth |
|---|
| Top 1 percent | Next 19 percent | Bottom 80 percent |
| 1983 | 33.8% | 47.5% | 18.7% |
| 1989 | 37.4% | 46.2% | 16.5% |
| 1992 | 37.2% | 46.6% | 16.2% |
| 1995 | 38.5% | 45.4% | 16.1% |
| 1998 | 38.1% | 45.3% | 16.6% |
| 2001 | 33.4% | 51.0% | 15.6% |
| 2004 | 34.3% | 50.3% | 15.3% |
| 2007 | 34.6% | 50.5% | 15.0% |
Personal Rant: I believe that all those who have been defrauded by corruption should be made whole. This would amount to the retrieval of trillions of dollars. In the case of Bush, I would like him to work off his doubling of the national debt by washing dishes, it would take him over 1,000,000 years! Now imagine if we just reversed roles on the top 1% and the bottom 80%? Everyone would overnight have a 250% increase in their assets. | Financial Wealth |
|---|
| Top 1 percent | Next 19 percent | Bottom 80 percent |
| 1983 | 42.9% | 48.4% | 8.7% |
| 1989 | 46.9% | 46.5% | 6.6% |
| 1992 | 45.6% | 46.7% | 7.7% |
| 1995 | 47.2% | 45.9% | 7.0% |
| 1998 | 47.3% | 43.6% | 9.1% |
| 2001 | 39.7% | 51.5% | 8.7% |
| 2004 | 42.2% | 50.3% | 7.5% |
| 2007 | 42.7% | 50.3% | 7.0% |
Table 2: Wealth distribution by type of asset, 2007
| | Investment Assets |
|---|
| Top 1 percent | Next 9 percent | Bottom 90 percent |
| Business equity | 62.4% | 30.9% | 6.7% |
| Financial securities | 60.6% | 37.9% | 1.5% |
| Trusts | 38.9% | 40.5% | 20.6% |
| Stocks and mutual funds | 38.3% | 42.9% | 18.8% |
| Non-home real estate | 28.3% | 48.6% | 23.1% |
| TOTAL investment assets | 49.7% | 38.1% | 12.2% |
| |
| | Housing, Liquid Assets, Pension Assets, and Debt |
|---|
| Top 1 percent | Next 9 percent | Bottom 90 percent |
| Deposits | 20.2% | 37.5% | 42.3% |
| Pension accounts | 14.4% | 44.8% | 40.8% |
| Life insurance | 22.0% | 32.9% | 45.1% |
| Principal residence | 9.4% | 29.2% | 61.5% |
| TOTAL other assets | 12.0% | 33.8% | 54.2% |
| Debt | 5.4% | 21.3% | 73.4% |
| Figure 7: CEOs' average pay, production workers' average pay, the S&P 500 Index, corporate profits, and the federal minimum wage, 1990-2005 (all figures adjusted for inflation) |
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Source: Executive Excess 2006, the 13th Annual CEO Compensation Survey from the Institute for Policy Studies and United for a Fair Economy. |