February 23, 2019
US inequality is only getting worse, and the ‘dynastic wealth’ bemoaned by Warren Buffett may be one of the reasons why
The median American family owns just over $80,000 in household wealth, while 15 family dynasties own a combined $618 billion. That’s according to the left-leaning Institute for Policy Studies’ Billionaire Bonanza report, which…
The median American family owns just over $80,000 in household wealth, while 15 family dynasties own a combined $618 billion.
That’s according to the left-leaning Institute for Policy Studies’ Billionaire Bonanza report, which examined the growing concentration of wealth in the US by looking at 15 dynastically wealthy families from the Forbes 400 list and data from the Federal Reserve Survey of Consumer Finance.
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