Monday 11 November 2019

America's one-percenters close to surpassing wealth of entire US middle class

America's one-percenters close to surpassing wealth of entire US middle class

The US’s historic economic expansion has so enriched one-percenters they now hold almost as much wealth as the middle- and upper-middle classes combined. The top 1% of American households have enjoyed huge returns in the stock market in the past decade, to the point that they now control more than half of the equity in U.S. public and private companies, according to data from the Federal Reserve.
Read more: https://www.livemint.com/news/world/america-s-one-percenters-close-to-surpassing-wealth-of-entire-us-middle-class-11573299724333.html?source=Snapzu

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