Fact Check: Bernie Sanders's claim about wealth of the Walton family


U.S. Senator Bernie Sanders of Vermont tweeted about the wealth of Walton family and the payment made to Walmart workers.

Bernie Sanders on Twitter

The wealth of the Walton family, the owners of Walmart, increased more than 9,000% since 1982. Walmart still doesn’t pay their workers a living wage. This is what a rigged economy is all about.


Claim:

” The wealth of the Walton family, the owners of Walmart, increased more than 9,000% since 1982.” An official Sanders page on senate.gov previously mentioned a different different number: “Since 1982, the wealth of the Walton family has increased about 10,000 percent”.

 

Fact Check: Mostly True! 

This report issued by inequality.org, a project  by Institute for policy studies, found that “the dynastic wealth of the Walton family grew from $690 million in 1982 (or $1.81 billion in 2018 dollars) to $169.7 billion in 2018, a mind-numbing increase of 9,257 percent”.

 

 

 

 

 

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