America’s ultrarich just get wealthier -------------------------------------------- America’s wealthiest one-percenters have benefited from a surging stock market, low interest rates and Republican tax cuts, amassing assets just shy of those held by each of the middle and upper-middle classes -------------------------------------------- Top five richest Americans today (from left), Jeff Bezos, Bill Gates, Warren Buffett, Mark Zuckerberg, Larry Ellison. They are worth $435.4 billion collectively – more than 2% of U.S. GDP -------------------------------------------- Assets ($ trillions*) Wealthiest 1% Next 40% Bottom 50% Next 9% -------------------------------------------- *$1 trillion = $1,000,000,000,000 Figures for Q4 except 2019, which is for Q2 -------------------------------------------- Middle class Upper middle class One-percenters -------------------------------------------- 2010 19.5 27.1 25.0 5.3 -------------------------------------------- 2011 19.7 27.6 25.3 5.1 -------------------------------------------- 2012 21.4 29.6 26.4 5.1 -------------------------------------------- 2013 24.7 32.1 29.1 5.3 -------------------------------------------- 2014 27.0 34.0 30.4 5.4 -------------------------------------------- 2015 27.9 34.9 31.4 5.5 -------------------------------------------- 2016 30.1 36.8 32.8 5.8 -------------------------------------------- 2017 33.3 39.5 35.0 6.5 -------------------------------------------- 2018 32.5 40.3 35.6 7.0 -------------------------------------------- 2019 35.4 42.6 36.9 7.5 -------------------------------------------- Sources: Bloomberg, Economist, U.S. Federal Reserve Pictures: Associated Press © GRAPHIC NEWS 157 words