The Rising Tide
Top 0.1% gains $14.5 trillion. Bottom 50% gets 2.3%.
Source article: US top 0.1% more than doubled their wealth since 2019 on stock boom, Fed data shows.
Column metadata
- Published
- Pen name
- Editorial Board
- Topic tags
- economy
- Primary entities
- Federal Reserve, The Wall Street Journal, United States, Eric Zwick, Owen Zidar, S&P 500, Zohran Mamdani
- Themes
- Wealth inequality, Federal Reserve data, Stock market gains, Ultrawealthy concentration
- Floor values engaged
- human_life_and_dignity, Truthfulness, Accountability of power