The Gap Between the Rich and the Very, Very Rich Is Getting Wider.
Wealth is measured as a household’s assets, like stocks and home equity, minus their liabilities, like mortgages and credit-card debt. The top 0.1% now control about $28 trillion, or about 15% of the nation’s total wealth, which amounts to nearly $186 trillion. The average wealth for a household in this group is more than $200 million.
The top 0.1% wealthiest Americans have seen their total wealth more than double since the end of 2019. The ultrawealthy aren’t just pulling away from average Americans. The extremely rich are even pulling away from other rich Americans.
The ultrawealthy’s recent gains from the stock market dwarf the total wealth of the bottom 50% of all Americans.The people who fall into this group aren’t usually traditional salaried workers, small-time business owners, and farmers: namely, you.
Are you mad at Trump yet?
The top 0.1% wealthiest Americans have seen their total wealth more than double since the end of 2019. The ultrawealthy aren’t just pulling away from average Americans. The extremely rich are even pulling away from other rich Americans.
The ultrawealthy’s recent gains from the stock market dwarf the total wealth of the bottom 50% of all Americans.The people who fall into this group aren’t usually traditional salaried workers, small-time business owners, and farmers: namely, you.
Are you mad at Trump yet?
