Here is an example of a K-shaped chart for you.  This shows the long time divergence of the amount of financial assets held by the top 10% versus those held by the bottom 50% of wealth percentiles.
The graph has different axes, so sit and look at it for a while.  In a nutshell, the share of financial assets held by the bottom 50% has declined from 71% in 1989 to 2.3% in 2020.
For some historical context on the concentration of wealth, you might consider reading Will and Ariel Durrant’s The Lessons of History.  They have a highly pertinent summary of the concentration of wealth in their chapter on economics and history.  Here is what they think drives wealth inequality.
Since practical ability differs from person to person, the majority of such abilities, in nearly all societies, is gathered in a minority of men. The concentration of wealth is a natural result of this concentration of ability, and regularly recurs in history.  The rate of  concentration varies (other factors being equal) with the economic freedom permitted by morals and laws.  Despotism may for a time retard the concentration; democracy, allowing the most liberty, accelerates it.
p. 55, The Lessons of History. 1968.

Graph source: Ned Davis Research, via Twitter.

For more great dinks articles, read these:

Building Wealth On $600 Per Month

Save, Invest and Reinvest To Build Wealth

Wealth Building Is A Team Sport


This entry was posted in Economics, Economy and tagged , , , by James Hendrickson. Bookmark the permalink.

Avatar photo About James Hendrickson

James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.

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1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

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