https://www.wsj.com/economy/1-trillion-richest-families-wealth-increase-bc13874a The wealthiest have gotten richer, and control a record share of America’s wealth. New data suggest $1 trillion of wealth was created for the 19 richest American households alone in 2024. That is more than the value of Switzerland’s entire economy.
it took more than 40 years for the top 0.00001% of Americans to grow their share of the total wealth from 0.1% in 1982 to 1.2% in 2023.
But in 2024, that 0.00001% — or 19 households — saw its share of the total wealth increase to 1.8%
Clearly, not good enough. Shiny-land’s Gini Coefficient is a lowly 41.3, ranking at 40th in the world. Compare that to South Africa’s 63%. There is much work yet to do, to enrich the rich, at the expense of everyone else.