CBS News Journalist Uses Pie To Illustrate Wealth Inequality In America 🥧 [View all]

- WATCH: CBS Journalist Uses Pie To Illustrate Wealth Inequality, Jan. 31, 2020. 6 mins.
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- CBS Mornings, "How $98 trillion of household wealth in America is distributed: "It's very depressing," Jan. 31, 2020, CBS News.
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The gap between rich and poor in America is the worst it's been in more than a half century. It's a concern cited by every leading Democratic presidential candidate in the 2020 election, but many may not realize what it actually means.

If a pie represented the estimated $98 trillion of household wealth in the United States, 9 pieces, or 90% of the pie, would go to the wealthiest 20% in the country, according to a National Bureau Of Economic Research study of household wealth trends in the United States from 1962 to 2016. Out of those 9 slices, 4 would go to just the top 1%.

The upper middle class and the middle class would share one piece, or about 10%, and the lower middle class would get .3% of the pie. The poorest Americans, people in the bottom 20%, wouldn't get any. On average, they are more than $6,000 in debt...
https://www.cbsnews.com/news/income-inequality-in-america-how-98-trillion-of-household-wealth-is-distributed/

https://slate.com/news-and-politics/2020/02/watch-cbs-journalist-use-pie-illustrate-inequality.html