Most people know about income inequality: the gap in earnings between the 1 percent and the rest of us that has been growing steadily since the 1970s.
But there is also growing inequality when it comes to wealth — not just income, but a household’s total assets, such as savings, value stored in a house, pensions, or other sources of money, minus anything it owes. The difference between wealth held by the top 1 percent and the rest of us has climbed back up to levels not seen since the roaring 20s, according to new preliminary research from economists Emmanuel Saez and Gabriel Zucman:
CREDIT: EMMANUEL SAEZ AND GABRIEL ZUCMAN
