“By 2016, the typical American household had a net worth 14 percent lower than the typical household in 1984, while the richest one-tenth of 1 percent owned almost as much wealth as the bottom 90 percent put together. Income has become almost as unequal as wealth: Between 1972 and 2016 the pay of the typical American worker dropped 2 percent, adjusted for inflation, although the American economy nearly doubled in size. Most of the income gains went to the top.”

“By 2016, the typical American household had a net worth 14 percent lower than the typical household in 1984, while the richest one-tenth of 1 percent owned almost as much wealth as the bottom 90 percent put together. Income has become almost as unequal as wealth: Between 1972 and 2016 the pay of the typical American worker dropped 2 percent, adjusted for inflation, although the American economy nearly doubled in size. Most of the income gains went to the top.”

— Robert B. Reich