Wealth of richest US families grew 10 times that of average family's

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Health Health Headlines News

America's 50 richest families saw their wealth increase 10 times faster than the average US family during the pandemic

that,"A lot of folks don't like to acknowledge the big leg up they get in things like buying a house or avoiding significant student debt as a result of generational wealth."

"That leads to big problems when other people who don't have generational wealth look around and wonder why they're so far behind," he continued."The reality is that the top indicator for economic prosperity is not hard work or intelligence, it's the family you're born into."Subscribe to push notificationsSign up for 10 Things in Politics newsletter for the biggest stories in politics & the economy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

kdaniellepark

InsiderNews Then tax the treacherous greedy betrayers of the USA.

Oh how nice for them. I'm sure it will all 'trickle down' to regular people. (sure)

Greedy people. Shameful

That’s because there wealth is invested in multiple endeavors. Investments that increase their wealth. Where the average American may rather put their saving towards the latest iPhone.

Averages are not the correct way to evaluate that

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in HEALTH

Health Health Latest News, Health Health Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The delta Covid variant now accounts for 10 percent of U.S. casesThe change in classification is based on mounting evidence that the variant spreads more easily and causes more severe disease. Will you stop with this man made virus? WALL STREET JOURNAL quoted from the Journal “CLINICAL INFECTIOUS DISEASES” on NEW medical evidence that Covid 19 was infecting Americans long BEFORE the world learned that it was causing a deadly outbreak in Wuhan, China.
Source: NBCNews - 🏆 10. / 86 Read more »

The delta Covid variant now accounts for 10 percent of new U.S. casesThe change in classification is based on mounting evidence that the variant spreads more easily and causes more severe disease. Interesting. Was bound to happen. Flights from India kept flowing into U.S. well beyond the initial phase of the second wave there. delta variant is spreading 👀
Source: NBCNewsHealth - 🏆 707. / 51 Read more »