Actually, "in a country where we do have governance, where we have taxation systems in place, where we have public policies that support public-care services" it makes sense that the poorest 30% have no incentive to accumulate assets over about $3,000 per person.  

The government has most of the poorest 30% on a cash-for-life program - there is no threat or danger associated with being asset poor, because people know that what they need will be there for them.  

This situation only confirms that we live in a wealthy, prosperous society where very, very few fall between the cracks.