The Richest Americans Just Keep Getting Richer

The Richest Americans Just Keep Getting Richer

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Interactive Video

Business

University

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The video discusses the distribution of stock ownership in the U.S., highlighting that American households own 89% of all U.S. stocks, a record high. During the COVID-19 pandemic, the top 1% gained over $6.5 trillion in wealth from corporate equities and mutual funds, while the bottom 90% gained $1.2 trillion. The stock market, which nearly doubled since March 2020, was a major source of wealth creation and inequality. The top 1% now holds 32% of total wealth, with 70% of their gains from stocks, marking one of the fastest wealth booms in recent history.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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