The statistic that shocked me the most was that the top 1% owns between 40-50% of the nation’s total wealth, while the bottom 90% has little or no net assets​. This shows how extreme wealth inequality is in the U.S. and how most people struggle financially while a small group holds enormous wealth.

Implications of Huge Wealth Inequality
When a few people control most of the wealth, the rest struggle to afford basic needs like housing, healthcare, and education. It also means fewer opportunities for upward mobility, making it harder for poor or middle-class people to improve their lives.

Examples in Everyday Life
You can see this in cities where rent keeps increasing, and many people work multiple jobs but still can’t afford housing. Meanwhile, billionaires buy luxury homes and avoid taxes. Another example is how big companies make record profits while many workers barely earn a living wage.