Interesting report. Sizable redistribution of wealth.
I had a statistics prof who said "whenever the mean and median are going different directions, big structural changes/funky stuff is happing"
Saw on TV where 50% of Americans have zero equities, and another 25% have less than $20,000. So only 1/4 people has more than more than $20K in stocks.
Yet around my town, "everyone looks prosperous" - new cars, clothes, lattes, houses.
I'm guessing the negative savings rate, two working parents, easy credit, home equity withdrawl, etc have allowed the middle class to "mask and ignore" this structural wealth distribution.