The top 1% of American households controls nearly one-third of all wealth in the country, which creates a misleading statistical average that makes the 'average' American appear richer than most people actually are, similar to how three people grabbing one-third of pizza at a party would leave the other 97 people with nothing.
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Here's Why the "Average" American Is Poorer Than It SeemsAdded:
If there are 100 people at a party, and three of them grab a third of all the pizza, you can't honestly turn around and say everyone got about the same amount. Wealth in America works pretty much the same way. The top 1% of households controls almost a third of all the wealth in the country. That's why the average American looks a lot richer on paper than in real life.
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