New data available from the U. S. Federal Reserve shows that the wealth gap in America has widened and economic inequality has increased in 2020 amidst a coronavirus pandemic that has disproportionately impacted low-wage service workers and people of color, which coincides with a report published...
A critical factor in the explosion of wealth among a particular segment of the U.S. population has been access and exposure to the stock market.
The Fed estimates that the wealthiest 10% of Americans hold more than 88% of all available equity in corporations and mutual fund shares .The numbers have been trending in this direction for a long time. The data provided by the Federal Reserve tracks back to 1989, and it shows that over the past three decades, the top 10% of U.S. households have seen their wealth rise by almost ten percentage points , while the total wealth controlled by the bottom 50% has been nearly cut in half .
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Top-Grossing Book-to-Movie Adaptations of All TimeOne story has been adapted more than 20 times!
Read more »
Stephen Miller, a top aide to President Trump, tests positive for coronavirusStephen Miller, President Trump’s senior advisor and speechwriter, became the latest member of the White House to test positive for the coronavirus on Tuesday.
Read more »
Stephen Miller, top White House aide, tests positive for coronavirusSeveral people tied to the White House or President Donald Trump's re-election campaign have tested positive for Covid-19, including Trump and the first lady.
Read more »
Pentagon's top military leaders quarantining after Coast Guard admiral tests positive for COVID-19All members of the Joint Chiefs of Staff are quarantining at home after the vice commandant of the U.S. Coast Guard tested positive for COVID-19, according to two U.S. officials.
Read more »