My personal view is that wealth inequality isn't the problem. As lets face it even though the top 1% get 40% of the total wealth I bet then also create jobs that their employees account for perhaps a further 40%, 20% perhaps would be government money handouts and wages made up of tax payers money.
The issue here is that your wages aren't keeping up with inflation. This is some what true in Australia but at least where I work we get 4.5% increase each year because of inflation (which helps keep up with bills to some degree although not as easily as in the past). Every few years employees negotiate a new agreement with the business, usually end up between 3% to 5% yearly increase for a 3 year period.
It also doesn't factor in people moving up in wealth. For example when I first grafuate I was bearly making $50K, now I am making twice that. On that wage here I am still not in the top 1% but I have moved up to a reasonable class I would say.
