Top 10% of U.S. families saw net worth rise $800,000 since 2022
The wealthiest 10% saw median net worth jump nearly $800,000 since 2022, while lower-wealth households grappled with higher debt costs and a 3.8% saving rate.
Topic
Wealth Inequality
Topic
Wealth Inequality
California's Billionaire Tax Too Early to Call as Votes Counted
Proposition 40's one-time 5% tax on $1 billion-plus fortunes was too early to call as opponents, backed by $333 million, pushed r…
California’s $100bn Tax on Billionaires Heads to a Public Vote
Proposition 40 would levy a one-time 5% tax on roughly 250 California billionaires, with organizers estimating about $100bn for h…
Bottom Half of America Doubled Its Wealth Since 2019, Fed Data Shows
Fed data shows the bottom 50% of U.S. households grew net worth from $1.86 trillion to $4.28 trillion since 2019 — a 129% jump. O…
£19.7bn Capital Gains Tax Reform Could Build 90,000 Council Homes
Critics say Healey's budget delivers 4p off gherkins and a £100 energy payment while leaving wealth untouched. A £19.7bn capital…
California's $100bn Billionaire Tax Goes to Voters
Californians vote November 3 on a one-time 5% tax on billionaires' net worth, aiming to raise $100bn for healthcare. Some have al…
13 Times the Forbes 400: The Hidden Millionaires Behind Main Street
Two economists mapped anonymized tax data and found 3 million Americans averaging $25 million each — 13 times the Forbes 400's co…
United CEO Kirby Earned $32.3 Million — Now Backs Near-100% Inheritance Tax
United Airlines CEO Scott Kirby earned $32.3 million, 334 times median employee pay, and now backs a national wealth tax and near…
Goldman Sachs Predicts Housing Market Freeze Through 2027
Goldman Sachs forecasts just 3.9 million existing-home sales in 2027 as rate lock-in freezes the market and deepens the wealth di…
Bezos Defends Billionaires: 'You Can Be a Billionaire From a Hamburger Stand'
Amazon founder Jeff Bezos, worth $372 billion, says villainizing success is wrong — as 33% of Gen Z adults call extreme wealth "m…
Private Jet Sales Hit $40.3 Billion as Tax Breaks Reshape the Market
A $40.3 billion private jet market is fueled by federal tax breaks, state sales tax exemptions, and millions in lobbying, accordi…