Millionaires and billionaires hold a remarkable 79.2 percent of the United States’ household wealth. That is according to a newly released triennial study into consumer and household finances from the Federal Reserve. The report paints a picture of an unequal America, where a small minority of the rich control the vast majority of household wealth.
Fed Study on Household Wealth Reveals Troubling Trends in American Inequality
America’s rich are getting even richer and the poor even poorer, with millionaires and billionaires now holding an unprecedented 79% of all household wealth.