US Sees Biggest Wealth Gap in a Hundred Years

New research says the ultra-rich in the US have returned to holding as much of the country’s wealth as they did nearly a century ago.

The 400 richest Americans, the top 0.00025 percent of the population, have tripled their share of the nation’s wealth since the early 1980s. Those 400 Americans own more than the 150 million adults in the bottom 60% of the wealth distribution.

America’s ultra-rich haven’t held this much of the country’s wealth since the Roaring Twenties. In between then and now, the richest people held a comparatively smaller percentage of the country’s wealth.

Research on the issue also points to growing wealth concentration in France, China, the UK and Russia.

 

 

Photo: “Kykuit: The Rockefeller Estate” by Marcela is licensed under CC BY 2.0

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.