A New Report on America's Wealth Gap Shows Bernie Sanders Is Right to Be Grumpy

A new Congressional Budget Office report examining trends in family wealth confirms what most Americans know from experience: The poor are buried in debt, the middle class is stuck, and—shocker—the most wealthy are piling up all the green.

The report, released late last week, puts its findings simply: "The distribution [of wealth] among the nation's families was more unequal in 2013 than it had been in 1989." It lays out some stark figures: Families in the top 10 percent of wealth distribution now hold more than three-quarters of the nation's total family wealth. Those falling within the 51st to 90th percentiles owned less than a quarter of it. Meanwhile, the bottom 50 percent own just 1 percent of the total share.

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