America’s richest 1% owns 40% of country’s wealth

Published time: 8 Dec, 2017 15:46 America’s richest one percent own a whopping 40 percent of the country’s wealth, a new study has revealed. The finding marks a widening gap between rich and poor in the United States. The paper, written by economist Edward N. Wolff, used data from the federal Survey of Consumer Finances. … Continue reading America’s richest 1% owns 40% of country’s wealth