Wealth Inequality in America Has Never Been Worse. The Middle Class Has Disappeared

What Wealth Inequality in America looks like. Special thanks to user politzane for the inspiration - their video will be linked down below. Another huge thanks to Rickie, Chris, Abdullah, and anyone else who helped on the video. Let me know in the comments what you thought.

Timestamps:
0:00 - Start Here
0:15 - How is Wealth Distributed in the US?
0:55 - Perceptions Haven't Changed
1:44 - The ACTUAL Distribution
2:45 - The 2012 Visualization, Updated.
4:13 - 2023 Data on Wealth
5:59 - 1989 to 2012 to Present
7:32 - Global Wealth Inequality
8:18 - Billionaires
10:00 - CRAZY Wealth Visualizations

RESOURCES:

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Other sources:
Income data from census:

UAW

[humphrey]

Share this video with a friend and let us know what you thought about the video below. Thank you for watching -- Humphrey, Rickie & Team

[vancouversworstdrivers]

Remember when people were donating money to Kylie Jenner so she could be the world's youngest

[AlZ-oysi]

Wealth has a quality to it that's akin to escape velocity. Once you got enough of it, building more just becomes easy and natural. Before that point it requires struggle and sacrifice ranging from moderate to enormous.

[KC-Shinobi]

I still have this specific video saved from a decade ago, and always wondered how much worse it could be today. The visual breakdowns were terrifying. Really good work resurrecting this reality for people to see and truly comprehend.

[ronberman]

This needs to be shown in all high schools in the US and Canada

[artisticspirit]

I’m 2023, I finally made it to middle class (or at least the 1950s-1990s version of middle class) just to live the same type of life as someone who makes $7 an hour. If I choose to live where rent is less, I literally compromise safety and sanity. And that’s the biggest problem with my finances. If I go to areas where I can save money, and grow my savings pretty fast, I literally have to choose areas where I could be robbed, r*ped, killed, harassed, etc all in the name of saving money. I think a lot of us have this problem… it’s either downsize and risk your safety and sanity, or pay to live in safety and peace, which eats up about 60%~ 90% of your income. Second huge problem is the “you must make 3x’s the rent” requirement now. I’m order to get into a house or apartment, if they ask for $1700 monthly (for example), they want me to rank in about $60k a year. That’s housing discrimination disguised as a leasing requirement.

I’m depressed.

On the upside there are various ways to make extra money to supplement your main income…. If you’re not exhausted from stress and overworked from your job, you could create a secondary income.

[ianpobanz]

finally someone updated this video. It’s an amazing video but yeah it’s 10 years old. I’m glad someone put the effort in and updated it for current times.!! Thank you!

[porkbelly]

Stranger: what’s your net worth?
Me: 10 toblerone triangles

[TeamRespawn]

It’s sad how hard it is to climb out of poverty these days. Great video.

[JWEATHERSBY]

U.S. Wealth Inequality videos are always mind-boggling -- also, dude!? You were the rice video creator!! I loved that video and was thinking of it the entire time up until you mentioned you made that one! Sorry I forgot you did it. My mind was locked in on the visualization in that video and everything else just sort of fell to the background. Kudos on another great video on the issue.

[Real_Grogg]

Dude, I've been watching your videos for a long time and yes, I'm here for the financial advice and insight. But let's give a shoutout to the HUGE improvement in production quality! From the camera position and framing to the subtle use of color and lighting. Incredible. Go on viewer, go back and watch some older videos (which are still super informative and helpful) and you will see such a jump in the quality this channel that it deserves some attention. Great job as always, Humphrey!
Oh, and this one was depressing as hell. Renting forever, I guess.

[Anngrl]

Dont know why this took 9 days to be recommended to me, these videos and conversations are why I love your channel

[kevinbruno]

I showed the old video that inspired you to my seniors that I teach. This update is what I've been waiting for. Thank you for this.

[KingSellassie]

How does this happen? How does a nation justify this? This is absolutely insane!

[usptact]

Why people donate money to politicians always blown my mind. They have no right to speak about wealth inequality.

[erinbeavers]

Thank you so much for creating this video! I have been showing Polizane's video in my Senior English class for about ten years now and I have searched and searched for a more modern video with similar information and not found anything as good. I in fact just showed it today and I cannot wait to show this updated version later this week!! Thank you!

[lprccac]

“The American dream is still alive”!? You have to be ASLEEP to believe it (RIP George Carlin)

[penitent]

The median net worth of American household as said here is $121k. But the average net worth of a household is 746k, you need to be in the top 15% of household to reach that net worth, the top richest households owns so much they skews the average to more than 6 times the median. Meanwhile the bottom 15% net worth is almost nothing.

[thedimm]

Just stumbled on your videos, and they're great. I'm a huge visual learner, and I appreciate your concise explanations of all the topics i've seen so far! Keep it up!

[camembertdalembert]

today I went to the hospital. I paid 19 euros. I am french.