This is what plutonomy looks like, 2

Net worth, measured as assets less liabilities—is skewed heavily, not only to the rich, but to the richest of the rich.

Plu-TON-o-my. n. An economy where economic growth is powered by and largely consumed by the wealthy few

The U.S. Economic Policy Institute reports: Starting with the bottom fifth of the wealth distribution is a group that has negative wealth (in other words, on average, the least wealthy 20% of people in this country owe more than the value of their assets). From there, wealth increases dramatically by wealth class.

See This is what plutonomy looks like, 1

Posted in Inequality & Class
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