Rich Got Richer While Half the Nation Saw Wealth Decline to 1 Percent, Study Says
If you’re poor in American you are not alone. Over the past 24 years, 50 percent of the nation saw their share of wealth fall to just 1 percent, while America’s richest families saw their wealth grow significantly, according to a new study. The findings confirm that a significant portion of society has been disenfranchised from the economy. The findings, contained in a study by the Savings and Retirement Foundation of Washington, D.C., and published by the Congressional Budget Office (CBO) does not bode well for the nation....