How America's asset boom may be sowing the seeds of its political backlash.
Owning, not workingThere was a time when Americans built wealth by working. Today they increasingly build wealth by owning.For more than a decade, markets have celebrated rising asset prices. But every asset boom creates winners and losers—and eventually, political consequences.
America's wealthiest now control a record 12% of U.S. national income as rising stocks and home values drive asset gains.
Rising inflation and a bull market on Wall Street are challenging the long-held belief that homeownership is the surest path to…
The top 0.00001% of Americans now hold 12% of US national income, tripling Gilded Age levels. What this means for markets,…
America’s economy has been split in two for a long time.
The economy looked to be in relatively decent shape for most of last year, but that might only be true for a minority of…
Americans got used to homes gaining value fast, but economists say things may slow down over the next decade.
America's Richest Have Never Controlled This Much of the Nation's Income as Top 0.00001% Hits Record 12%
Top 0.00001% of Americans now control a record 12% of national income
Jamie Dimon on why people are anti-rich: 'We have, in fact, left the lower-income folks behind' and 'that's kind of annoying' | Fortune
