Top Wealth Holders Control Bulk of Household Wealth, Widening Inequality
The article "Wealth in America" examines how wealth is distributed in the United States from 1962 to 1995. By analyzing data and using a simulation model, the author shows that a small group of people hold most of the country's wealth. This concentration of wealth has been increasing over time, leading to greater inequality. The study highlights the importance of wealth in determining well-being and suggests ways to reduce this wealth gap.