Wealth inequality in America worsens as top earners amass more riches.
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 wealth in households. The study reveals trends in how wealth is passed down and accumulated by the wealthiest individuals, leading to increased wealth inequality. The findings highlight the importance of wealth in measuring well-being and suggest ways to reduce the concentration of wealth in the hands of a few.