More from David Cay Johnston

I’ve got to get into the habit of reading Johnston more regularly — he is a goldmine of real data.  In this article, he asks a simple question:

What percentage of wealth in America is owned by the poorest 40 percent [that’s 120 million of us]? Wealth, or net worth, means all property of value, from cash to art to stocks and bonds to homes, minus debts.

Write down your answer before going to the article — and prepare to be shocked.

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