America's Rich Keep On Getting Richer (But Don't Blame Them)
From The Desk Of Anthony Pomplianoยท2025-09-21 20:30
Newly released data shows that US household net worth jumped by $7 trillion in Q2 of this year alone. In other words, for three straight months, US households added an average of $79 billion in net worth every day. As a result, the rich are getting much richer.Now, currently, the bottom 50% of US households, they hold just 2.5% of total US wealth. In fact, the top 1% now holds $40 trillion more wealth than the bottom 50% combined. The stock market just drove historic returns over the last 5 months.It made r ...