The Daily Stat from Harvard Business Review

 

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September 11, 2014 American Wealth Gap Widens Despite Economic Recovery The surge in the U.S. stock market over the past few years has disproportionately benefited wealthier Americans, according to the Federal Reserve and the Wall Street Journal. While nearly all families in the top 10% owned shares, the proportion of families holding stock declined from 15.1% in 2010 to 13.8% in 2013, says the Fed, with the decrease in stock ownership being most pronounced in the bottom half of the income distribution. Between 1989 and 2013, the proportion of all U.S. family wealth owned by the top 3% rose from 44.8% to 54.4%, while the proportion owned by the bottom 90% fell from 33.2% to 24.7%. SOURCE: Fed: Gap Between Rich, Poor Americans Widened During Recovery

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