America's Wealthiest Are Just Too Damn Rich to Have a Functioning Society

By Sam Pizzigati

October 16, 2014  |  Imagine yourself part of the typical American family. Your household would have, the Federal Reserve reported [3] in September, a net worth of $81,200.

 

That’s not a whole lot of money. But half of America’s households would actually have less wealth than you do.

Now imagine that your net worth suddenly quadrupled, to about $325,000. That sum would place you within the ranks of America’s most affluent 20 percent of income earners. You would be “typical” no more. On the other hand, you still wouldn’t be rich, or even close to possessing a grand fortune.