Why 1978 Was the Least Worst Year for America’s Most Worst Problem
The wealth gap is a problem Obama wants to solve — but it might be impossible.
The U.S. wealth gap is at an 80-year high
Today the richest 1% of Americans own more of the country’s wealth than at any time before the 1930s.
The best year for wealth equality? 1978.
Today, the wealth gap is over three times larger.
Things are even worse if you’re not white
Right now, the average white family is worth 13 times as much as the average black household.
But most people aren’t better off
Household income, once you…
