From WSJopinion: One major cause of wealth concentration is going largely unnoticed: Americans’ increasing life spans have disproportionately increased the elderly’s considerable wealth advantage, writes Richard B. McKenzie
Wonder Land: Barack Obama’s incivility towards Republican presidential hopeful Tim Scott puts the spotlight firmly on the Democratic Party’s long-lived ‘war on poverty.’ Images: AP Composite: Mark Kelly
Wealth in America over the past several decades has increasingly become concentrated among the top 1%. As of 2021, the wealthiest 10% controlled nearly 70% of total wealth—up from 63% in 1989. The wealth of the bottom half increased in real dollars between 1989 and 2022 but declined from 3.8% to 3.1% as a share of the total during the same three decades.Continue reading your article with
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