The 99% earns less than you might think.

[hfojvt]

31. actually no

much of the nation's wealth is NOT in the hands of the 0.001%.

That would be about 1,200 households. Total wealth of the US is perhaps $55 trillion. Total wealth of the Forbes 400 is $2.3 trillion. Total wealth of the richest 1,200 is perhaps $3.5 trillion

(an overestimate since we know that only 113 billionaires did not make the list, and they had less than $1.55 billion in net worth and the other 287 of the next richest 400 have less than a billion and the 400 after that have even less. Take 113 times 1.55 and then 687 times 1 billion for a maximum estimate of $867 billion for the net worth of the next 800.)

$3.5 trillion is a big pot of money, but it's only 6.5% of the nation's wealth, which is a long, long way from most of the nation's wealth.

According to the charts the 60th-95th percentile of households have 34.1% of the nation's wealth, almost as much as the top 1%.