Wealth inequality in the U.S. has widened dramatically over the past five decades, with gains heavily concentrated among the ultra-rich.
Wealth Gap Widens Sharply
On Saturday, data shared by The Kobeissi Letter highlights a stark divergence in wealth growth since 1976.
According to the post on X, the real wealth of the top 0.001% of U.S. households has surged roughly 3,500% over that period.
By comparison, the top 0.01% and 0.1% saw gains of about 2,200% and 1,200%, respectively, while the average household’s wealth increased by just 200%.
The post also noted a sharp rise in ultra-wealthy households, estimating that about 430,000 U.S. households now hold at least $30 million in net worth, including roughly 74,000 worth more than $100 million.
A large share of wealth at the top is tied to financial markets. “~72% of wealth for the top 0.1% is concentrated in corporate equities, mutual funds, and private businesses,” the post said.
In contrast, lower-income households have struggled to build …
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