Key Performance Indicators: October 18
The top 1% of households now hold a larger share of US wealth than the entire middle class
Ray Tamarra/GC Images
• less than 3 min read
Stat: The top 1% of households now hold a larger share of US wealth (27%) than the entire middle class (26.6%) as of June, according to Federal Reserve data. It's the lowest share of national wealth held by the middle class—defined as the middle 60% of US households by income—on record.
Quote: “This is a Hollywood ending.”
Matthew D. Loeb, the president of the International Alliance of Theatrical Stage Employees (IATSE), celebrated a new deal that averted a strike by 60,000 backstage film employees.
Read: Can America cope with demographic decline? (National Review)
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