Apr 18, 2011 | By Page May
According to the Economic Policy Institute, the top 1% owns more than 90% of us combined! In fact, they own over 35% of the entire nation’s private wealth.
Why does this matter? Well, the amount of wealth a person owns greatly affects their financial stability and access to opportunities- education, health care, starting a small business, savings, retirement, etc.
A large gap in wealth means a large gap in opportunities for families and individuals.
Most Americans are surprised to hear the extent of wealth disparity in this country, not only because it is larger than expected, but also because the current distribution of wealth surpasses the level of inequality we as a society are willing to accept (see chart below).
Over the coming months, the NETWORK Education Program will be launching a new campaign designed to tell the story of the wealth gap- how it happened, today’s consequences, and ways to address the problem.
We will use this blog as one of many tools to share information, coordinate action, and facilitate larger conversations.
Specifically, we will use this blog to post facts and informative graphs like the one above as well as videos, fact sheets, links to interesting articles, and updates on the campaign.
Each posting leaves room for you to leave comments- we urge you to use this space to spark conversations, give feedback, and to ask questions.
Please check-in frequently, leave feedback, and subscribe to the Mind the Gap! campaign to learn, connect, and stay updated!