Article created by: Justinas Keturka

According to Statista, in the second quarter of 2023, 69% of the total wealth in the US was owned by the top 10% of earners while the lowest 50% of earners only owned 2.5 of the country’s total wealth. When you read the news about how much money some companies and already rich people already have and what they earn each year, it can make you feel enraged and powerless. However, being constantly angry is no way to live either.

Our team here at Bored Panda has traveled all across Reddit to bring you some of the most mind-boggling facts about billionaires and the wealth gap. Scroll down to check them out. But keep in mind, some of them are so shocking that you might want to skip work today and work on some protest placards.

Bored Panda wanted to learn about envy and why people tend to think that having more money will make them happier, so we got in touch with Glenn Geher, Ph.D., a professor of psychology at the State University of New York at New Paltz and a published author. He was kind enough to shed some light on this. Read on for our full interview with the professor.

This post may include affiliate links.

#1

Tweet by That Duke Cat highlighting universal health care challenges, referencing global wealth gap and billionaire inequality issues. "Sounds too complex"

Maxonsdad Report

Final score:
2points
POST
RELATED:
    #2

    Reddit post explaining how billionaires represent extreme wealth inequality and the unfair wealth gap in America. "This is the best wealth inequality analogy I’ve come across"

    anon Report

    Final score:
    2points
    POST
    #3

    Screenshot of tweets discussing climate change solutions and corporate responsibility highlighting the wealth gap and billionaire impact. Put the blame where it belongs

    RelevantSwimmer Report

    Final score:
    1point
    POST
    #4

    Screenshot of a tweet highlighting billionaire wealth inequality and the unfair wealth gap in the world. "8 vs 4 billion"

    Canabinoid Report

    Final score:
    1point
    POST
    #5

    Screenshot of social media post referencing billionaires’ criminal conspiracy to dodge taxes and the wealth gap injustice revealed by Panama Papers. "How true"

    Redditer_F23 Report

    Final score:
    1point
    POST
    #6

    Comparison of billionaire CEO’s $3B fraud sentence versus 15 years for homeless man stealing $100 illustrates wealth gap injustice. No words describe this.

    [deleted] Report

    Final score:
    1point
    POST
    #7

    Tweet by Robert Reich listing five ways to accumulate a billion dollars, highlighting billionaires and the wealth gap issues. "No More Billionaires!"

    zzill6 Report

    Final score:
    1point
    POST
    #8

    Tweet highlighting billionaire Jeff Bezos' wealth compared to Americans in poverty, illustrating the wealth gap and economic unfairness.

    animatedhenry Report

    Final score:
    1point
    POST
    #9

    Tweet criticizing Budweiser's $5 million commercial boasting a $100K water donation, highlighting billionaire wealth gap issues. "Public Relations"

    BrendanCharette Report

    Final score:
    1point
    POST
    #10

    Tweet from Public Citizen showing wealth gap statistics between billionaires and Americans in poverty highlighting the billionaire wealth gap. 'THE BILLIONAIRE PATH CRUSHES EVERYTHING IN IT'S PATH'

    Sensitive-Jury-1456 Report

    Final score:
    1point
    POST
    #11

    Tweet by Chad Loder explaining wealth concentration and billionaires illustrating the infuriating wealth gap in the world. 8 hours a day, 5 days a week, 52 weeks a year, 2025 years (the gospels don't actually say Jesus' birth date but apparently it's 4-6 BC). $2000 an hour does in fact check out to be $8.39904B. I was sceptical at first but not only is the maths correct but you would actually be the 59th richest in America and about 205th in the world. Stupid to think that $2000/h is a ridiculous amount to regular people but Jeff Bezos makes that in about 2/3 of a second.

    hikethearrow Report

    Final score:
    1point
    POST
    #12

    Tweet about billionaire wealth gap showing $16 billion wiped off Eli Lilly's value after parody claim of free insulin causes stock drop.    

    _____MW_____ Report

    Final score:
    1point
    POST
    #13

    Tweet highlighting billionaire Jeff Bezos and the wealth gap, showing infuriatingly unfair economic inequality in the world. "Jeff Bezos wealth. Seems very true but would like to know the math behind it"

    Audge3841 Report

    Final score:
    1point
    POST
    #14

    Headline about billionaires and emissions with a dark smokestack emitting pollution, illustrating wealth gap effects. "Billionaires should not exist"

    DependentRapper167 Report

    Final score:
    1point
    POST
    See Also on Bored Panda
    #15

    Bar graph showing wealth distribution in the U.S. highlighting billionaires and the wealth gap between income groups. Wealth Inequality in America.

    politizane Report

    Final score:
    1point
    POST
    #16

    Text post explaining how working $100 an hour makes $240,000 a year but takes 4,167 years to make a billion, highlighting the wealth gap. "How long it would take to get one billion dollars from a job earning $100 an hour"

    Gameprince999 Report

    Final score:
    1point
    POST
    #17

    Even if you by some miracle manage to become that wealthy through completely ethical means (press X to doubt), STAYING that wealthy is a moral failing of an incalculable magnitude. You can get rid of most of that money and still live comfortably for the rest of your life and your children’s lives and their children’s lives. There comes a point- well before when you have the resources of a small country btw- that you have a responsibility to help other people.

    willowdove01 Report

    Final score:
    1point
    POST
    #18

    Bald man in a suit and red tie smiling outdoors, representing billionaires and the wealth gap in society. Here's how insane it is at the top. Steve Balmer - the 9th richest person in the world with ~$86 billion- is closer to the broke janitor than the richest person in the world, Bernard Arnault with ~$190 billion.

    seaburno , mnemo Report

    Final score:
    1point
    POST
    #19

    Comparison of rice grains and a pile illustrating the wealth gap between billionaires and others. The unequal distribution of wealth demotivates me immensely.

    onesnowcrow Report

    Final score:
    1point
    POST
    #20

    Bar chart showing billionaire wealth gains and worker income losses during the Covid-19 pandemic highlighting the wealth gap. How much did billionaires' net worth increase during the pandemic? 62%. How much did wages for workers rise? 10%. And the 10 richest men in the world? Their wealth doubled during the pandemic. The same pandemic that sent 100 million people into extreme poverty.

    inequality Report

    Final score:
    1point
    POST
    #21

    Person counting US dollar bills in hands illustrating billionaires and wealth gap concept. The average American household makes around $60K a year, it would take that average household over 16,000 years to accumulate $1B. Think about that: SIXTEEN THOUSAND YEARS.

    JustTheBeerLight , Karolina Grabowska Report

    Final score:
    1point
    POST
    #22

    Tweet explaining math showing working $5000 daily since 1492 wouldn’t make one a billionaire, highlighting wealth gap and billionaire unfairness.

    Alarid Report

    Final score:
    0points
    POST
    #23

    Bar chart showing billionaires’ large number of yachts, dwellings, and other transportation, illustrating wealth gap impact. Reminder that billionaires are destroying the planet.

    ForwardSpinach Report

    Final score:
    0points
    POST
    xterminal avatar
    Robert Beveridge
    Robert Beveridge
    Community Member
    5 months ago Created by potrace 1.15, written by Peter Selinger 2001-2017

    So long, Sheldon Adelson. Not a single person on the planet will miss you.

    0
    0points
    reply
    #24

    Wealth by generation in the USA showing Baby Boomers hold the most wealth, highlighting billionaires and the wealth gap. Wealth Distribution by Generation in the United States.

    Faraday9999 Report

    Final score:
    0points
    POST
    See Also on Bored Panda
    #25

    Bar chart showing wealth gap by country with share of wealth held by top 1%, top 10%, and bottom 90% in billionaires data. Wealth inequality by country (OECD data)
     


     
     

    YakEvery4395 Report

    Final score:
    0points
    POST

    Anyone can write on Bored Panda. Start writing!

    Follow Bored Panda on Google News!