Post by Augustine Chiagozie (@pabloexchange)

📈 Wealth Concentration Hits Record High

The richest Americans now control a record ~12% of US national income, marking the highest level ever recorded for the top 0.00001%.

This share has more than quadrupled since the 2008 Financial Crisis, while it never exceeded 1% from the 1950s to the 1990s. The rise is driven by record gains in the equity market and increasing real estate prices.

Only asset owners have benefited from this surge in wealth concentration.

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