Ten Democrats seeking the presidency tussled on a Miami stage Wednesday night in the opening debate of the 2020 campaign, with 10 more on tap Thursday.
A look at some of their statements and how they compare with the facts:
Tim Ryan: “The bottom 60% haven’t seen a raise since 1980. The top 1% control 90% of the wealth.”
THE FACTS: Those figures from the U.S. representative from Ohio exaggerate the state of income and wealth inequality. While few studies single out the bottom 60%, the Congressional Budget Office calculates that the bottom 80% of Americans have seen their incomes rise 32% since 1979. That is certainly lower than the doubling of income enjoyed by the top one-fifth of income earners. And the richest 1% possess 32% of the nation’s wealth, according to data from the Federal Reserve, not 90%.
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