Over the last 30, that is 30 years years, America’s richest families have gotten even richer, while everyone else still hasn’t recovered from the Great Recession.
US families in the top 10% of the wealth distribution added about $60 trillion to their wealth from 1989 to 2019, while the bottom half of Americans added just under $1 trillion to their total wealth during the same time.
That’s according to a new report from the nonpartisan Congressional Budget Office, which assesses how family wealth has changed from 1989 to 2019. The report, requested by Sen. Bernie Sanders, shows just how uneven wealth distribution is in the US — and how the rich have only gotten richer.
News by and for the 99 percent
99 Percent News 