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Chart: 6 Walmart Heirs Hold More Wealth Than 42% of Americans Combined

Posted on July 20, 2012July 20, 2012 by TRP

The recession has devastated the finances of many Americans, but it has been very good to the Walton family. Since 2007, Walmart stores have been flooded with millions of folks who’ve lost their shirts in the housing bust, stock market crash, and stalled job market—people who can no longer afford to buy anything that isn’t made in China and sold by someone making close to minimum wage. Using newly released data from the Federal Reserve’s Survey of Consumer Finances (listed as “SCF” below), labor economist Sylvia Alegretto has put together this chart on the diverging fortunes of the Waltons and their customers:

 

 

MORE:  Chart: 6 Walmart Heirs Hold More Wealth Than 42% of Americans Combined | Mother Jones.

 

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