The wealth gap in the United States isn't just wide—it's a chasm. The top 1 percent, about 1.3 million households, hold $52 trillion in net worth. The bottom 50 percent, 66 million households, scrape together just $4 trillion.
The latest data from the FED shows this canyon, not a gap, within the society. Put differently, the richest sliver of society owns thirteen times more than half the country combined. And this isn't just a quirky statistic for economists to debate on panels. It's a live grenade in the middle of American society.
