The main result is that private wealth underwent a structural shift over the 20th century. around 1900, wealth was dominated by agricultural estates and corporate wealth, assets predominantly held by the rich. during the post war period, wealth accumulation came mainly in housing and funded pensions, which are assets held by ordinary people. Finally, an important factor in the rise in inequality has been the emergence of a powerful financial sector. a substantial portion of the rise in income inequality has been due to the increase in the share of income accruing to the top 1 percent of the income distribution (atkinson, piketty, and saez, 2011).
Christian hilber: a staggering amount of wealth accumulation among a growing cohort of ‘top earners’ certainly contributed. as housing is a normal good, a rise in income and wealth implies greater housing demand. and one way this manifests itself at the top end of the income and wealth distribution is growing consumption of second homes. The fall and rise of u.s. inequality, in 2 graphs : planet money since world war ii, inequality in the u.s. has gone through two, dramatically different phases. planet money the economy explained. If you look at a bigger group of rich people — the top 0.1 percent — and if you measure wealth rather than income, their share of the nation’s wealth rose by 1.3 percentage points, to 19.1. The post war rise of popular wealth since 1950, private wealth income ratios have grown steadily around the western world, accelerating after 1990. figure 3 examines this development by decomposing private wealth into three asset groups: housing wealth, pension wealth, and other wealth.
If you look at a bigger group of rich people — the top 0.1 percent — and if you measure wealth rather than income, their share of the nation’s wealth rose by 1.3 percentage points, to 19.1. The post war rise of popular wealth since 1950, private wealth income ratios have grown steadily around the western world, accelerating after 1990. figure 3 examines this development by decomposing private wealth into three asset groups: housing wealth, pension wealth, and other wealth. The nation's gross national product rose from about $200,000 million in 1940 to $300,000 million in 1950 and to more than $500,000 million in 1960. at the same time, the jump in post war births, known as the " baby boom ," increased the number of consumers. more and more americans joined the middle class. The post–world war ii economic expansion, also known as the postwar economic boom or the golden age of capitalism, [ 1][ 2] was a broad period of worldwide economic expansion beginning with the aftermath of world war ii and ending with the 1973–1975 recession. [ 1] the united states, the soviet union and western european and east asian.
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