Saturday, March 7, 2026

Out of control wealth inequity

Here's a little something for you.  

The "top 1%" refers to the top 1% of households or individuals in a country with the highest income or net worth, representing an elite group with significant financial resources

At the end of 2024, to be considered in the top 1% on net worth in the US one had to have around $10 million, which is a shit ton of money…

But at the end of 2025, that number leapt to $11.5 million.  As you might expect, this is the largest one-year leap in that number.  

And why did it grow like that? Because the top .1% - the roughly 900 people (a wildly insignificant percentage of the population who are billionaires - control $7 trillion of the wealth.

And their wealth grew by such a large margin, that they moved the value of the larger group by 15%. For reference there are about 1,500,000 people in that group. 

That is simply nuts.


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