Numbers of the Day

[Content Note: Class warfare.]

Seven and seventy:
A new Pew Research Center analysis of wealth finds the gap between America's upper-income and middle-income families has reached its highest level on record. In 2013, the median wealth of the nation's upper-income families ($639,400) was nearly seven times the median wealth of middle-income families ($96,500), the widest wealth gap seen in 30 years when the Federal Reserve began collecting these data.

In addition, America's upper-income families have a median net worth that is nearly 70 times that of the country's lower-income families, also the widest wealth gap between these families in 30 years.
These are, of course, averages, and do not reflect that the disparities are even more glaring when adjusted for privilege or the lack thereof.

This is not justice. The people who keep collecting more and more, hoarding vast amounts of wealth, cannot keep pretending that they "deserve" it on the basis of "hard work." They can't keep pretending that they're just generating more wealth, instead of stealing it from the lower classes.

Well, they can, but the situation is untenable. This system can't be sustained; it will collapse under the weight of need or revolution.

[Related Reading: The Haves and the Have-Nots, Wealth Gap, Quote of the Day, $10.10, Number of the Day, This Is What Privilege Looks Like, Speaking of Racism.]

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