The Federal Reserve has once again counted up America’s personal wealth — and omitted the nation’s 400 richest from the final tally. But the new figures, even with that omission, show a divide still deepening.
The Great Recession, new research shows, has left wealth in the United States even more concentrated at America’s economic summit.
Families in the nation’s top 1 percent are grabbing a rising share of the nation’s income. So why do newly released Federal Reserve numbers show no jump in their share of the nation’s wealth?
Federal Reserve researchers have just delivered up a data dump that offers a cautionary tale — on inequality — that average families everywhere ought never forget.