The 99% Is a Myth—Here’s How It Breaks Down

The 99% Is a Myth—Here’s How It Breaks Down

When it comes to the division of wealth, many Americans believe that the country is split between the 1%, which possesses a significant share of the country’s money, and the 99%, or “the people.” In reality, The Atlantic writer Matthew Stewart argues, 9.9% of the population comprises America’s new aristocracy, which often “takes wealth out of productive activities and invests it in walls.” But this group of people is rich in more than mere money, and its constancy poses an insidious threat to the promise of American democracy.

Read Matthew Stewart’s cover story on the new American aristocracy in the May issue of The Atlantic.

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