Thursday, October 13, 2011

How Wealth is Spread Among Americans

That's a belief that seems to be shared by Americans across the political spectrum. In 2010, as CBSNews.com reported in a story on the income and wealth divide last month, researchers and Harvard and Duke asked Americans how they thought wealth is spread among income groups, as well as how they thought it should be spread. Overwhelmingly, Americans said they wanted a more equitable distribution of wealth; they also underestimated just how large the wealth divide has grown. (See chart below.)
From CBS News story on the popularity of the Occupy Wall Street Movement

As the study's authors noted, "All groups - even the wealthiest respondents - desired a more equal distribution of wealth than what they estimated the current United States level to be." Republicans, Democrats, independents, as well as rich, middle class and poor all said that wealth shouldn't be so concentrated among the highest earners. 


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