CBS News Journalist Uses Pie To Illustrate Wealth Inequality In America 🥧

[appalachiablue]

- 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

[twodogsbarking]

1. and to add to your top-shelf post I present.........

Last edited Wed Nov 26, 2025, 05:51 PM - Edit history (1)

As of late 2022, according to Snopes, 735 billionaires collectively possessed more wealth than the bottom half of U.S. households ($4.5 trillion and $4.1 trillion respectively). The top 1% held a total of $43.45 trillion.[41]

It has gotten even worse, by multiples possiblly.

[appalachiablue]

3. This course is so wrong and unhealthy. Thanks for the update.

[twodogsbarking]

4. The crulety is felt most by those with the least. Make kindness great again before anything else.

[appalachiablue]

5. Amen to that, well said. Happy Thanksgiving!

[twodogsbarking]

6. back at ya double

[erronis]

2. They did have to give the last word to a very wealthy man sitting in a yacht show

who thought this was just fine.

[soldierant]

7. This is certainly one way to demonstrate "eat the rich."

[appalachiablue]

8. !! Definitely