The wealthiest 1% of Americans earn 40% of national income and control 20% of national wealth.

Name: The wealthiest 1% of Americans earn 40% of national income and control 20% of national wealth.
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The wealthiest 1% of Americans actually control a much larger share of the country's wealth. As of recent data, they own approximately 30% or more of the nation's wealth, not just 20%. The distribution of income and wealth is more skewed than the statement suggests.

The Wealthiest 1% of Americans Earn 40% of National Income