Money begets more money.
Generally, income inequality in the United States has been on the rise for decades: In 2013, the amount of wealth held by the richest 1% of Americans reached the same level it was in 1928, when the richest 1% of Americans captured almost 24% of total income.
August 08, 2016
Everyone breathe a big sigh of relief: The world just added 6% more billionaires.
Rich offspring helped drive the growth, with people who inherited at least part of their fortunes representing the fastest growing segment among billionaires, with growth of nearly 30% year over year.
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