30% of families in the USA have no net wealth
Yep. But then someone who knew the literature would point out that:
The second key result of our analysis involves the dynamics
of the wealth share of the bottom 90%. Since the bottom half of the
distribution always owns close to zero wealth on net,
And knowing the literature would mean that this was not a surprise, wouldn’t it?
Note that wealth distribution numbers are calculated without taking account of all the things we do to equalise wealth. Does the existence of Medicaid make poor Americans richer? Yep, it sure does. Have we included this? Nope.