![]() The Vermont senator is referring to a December 2015 report titled “ Billionaire Bonanza: The Forbes 400 and the Rest of Us” by researchers with the Institute for Policy Studies. ![]() We offer an explanation of the figure and context. 5 speech about Wall Street in which he stressed inequality in America, one of his main campaign topics. A reader asked us to “verify the accuracy of this unbelievable statement.” Whether the wealth statistic is “profoundly wrong” or “unbelievable” is of course a matter of opinion. In fact, any single individual with a positive net worth - including Sanders - has more wealth than the bottom 40 percent combined. That means that one doesn’t have to be among the top 20 in terms of wealth to have more net worth than millions of Americans. However, that analysis also found that the bottom 40 percent of Americans have a combined negative net worth. Democratic presidential candidate Bernie Sanders says that the American people “understand that something is profoundly wrong when the 20 richest people in our country own more wealth than the bottom half of the American population - 150 million people.” That statistic is correct, according to an analysis from a left-leaning think tank.
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