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Dynastic wealth is growing — and it’s growing faster than the average American family’s wealth. Ten times faster, to be exact.
That’s according to a new report from the left-leaning Institute for Policy Studies titled “Silver Spoon Oligarchs,” which examined the growing concentration of wealth in the US. It found that America’s 50 richest billionaire families were worth $1.2 trillion collectively as of 2020. Meanwhile, the estimated 65 million families that comprise the bottom half of all US households share a combined total wealth of $2.5 trillion.
The report looked at the details ⇒
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