Walmart Heirs Have As Much Wealth As Bottom 40 Percent Of Americans Combined (With Charts!)
Walmart Heirs Have As Much Wealth As Bottom 40 Percent Of Americans Combined
By Pat Garofalo on Jul 17, 2012 at 3:45 pm
Members of the Walton family. Last year, Sylvia Allegretto, a labor economist at the Center on Wage and Employment Dynamics, found that as of 2007, the Walton family — heirs to the Walmart fortune — had a net worth equal to that of the bottom 30 percent of Americans. And due to the effects of the Great Recession that ratio has gotten substantially worse.