This can be explained by the 1st graph in link below. https://www.pewresearch.or... | Hacker News

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alberth on Nov 30, 2023 | parent | context | favorite | on: U.S. GDP Grew at a 5.2% Rate in the Third Quarter,...

This can be explained by the 1st graph in link below.

https://www.pewresearch.org/short-reads/2022/04/20/how-the-a...

Essentially, more people (as a %) are upper income today than ever.

yibg on Nov 30, 2023 [–]

How does that affect how many people are in the top 1 percentile or bottom 50?

alberth on Nov 30, 2023 | [–]

Because there’s a bigger shift in wealth now to people in the top 2-5%

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