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Viral video shows how wealth is really distributed

March 8, 2013: 8:06 AM ET

Think you know how wealth is distributed in America? Think again.

A YouTube video that's gone viral recently shows that our perceptions of who has money and how much they have is quite skewed. The poor and middle class have a lot less than most people think, while the rich have a lot more. And the Top 1% are off the charts.

The video, which has been viewed more than 3.8 million times, draws heavily on the wealth inequality work of  Michael Norton and Dan Ariely, professors at the business schools of Harvard and Duke business, respectively. The duo asked Americans how they thought wealth was distributed and found that the estimated and ideal divisions of the wealth pie bear little resemblance to reality.

The piece also features a CNNMoney story on an AFL-CIO report that showed CEOs earned 380 times the average worker.

Check out the video for yourself:

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About This Author
Tami Luhby
Tami Luhby
Senior writer, CNNMoney

Tami Luhby is a senior writer at CNNMoney and covers income inequality, state fiscal problems, unemployment, housing policy and other economic issues. Luhby previously covered personal finance for Newsday and banking for Crain's New York Business.

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