Birdwatch Archive

Birdwatch Note

2023-09-03 22:00:29 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

According to research by Princeton Economics, the bottom 90% of Americans hold 26.6% of all wealth in the United States. The top .001% hold only 5.1% of all wealth. Therefore, the 3 top multi-billionaires own significantly less wealth than the bottom 90%. https://economics.princeton.edu/working-papers/top-wealth-in-america-new-estimates-under-heterogenous-returns/

Written by C740DE02E733BBEA4FEF3BF7631F532E2CFD3DEC38BA9790C01078EC3F946ED4
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• summary
• According to research by Princeton Economics, the bottom 90% of Americans hold 26.6% of all wealth in the United States. The top .001% hold only 5.1% of all wealth. Therefore, the 3 top multi-billionaires own significantly less wealth than the bottom 90%. https://economics.princeton.edu/working-papers/top-wealth-in-america-new-estimates-under-heterogenous-returns/