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Requiem for the American Dream: The 10 Principles of Concentration of Wealth & Power is a book by political activist and linguist Noam Chomsky. It was created and edited by Peter Hutchison, Kelly Nyks, and Jared P. Scott. It lays out Chomsky's analysis of neoliberalism.
Who Rules America? is a book by research psychologist and sociologist G. William Domhoff, Ph.D., published in 1967 as a best-seller (#12). WRA is frequently assigned as a sociology textbook, documenting the dangerous concentration of power and wealth in the American upper class . [ 1 ]
The wealth analysis draws from the 2022 Survey of Consumer Finance, which found that household wealth in America swelled at a record pace during the pandemic. From 2019 to 2022, the median net ...
According to an article by the Pew Research Center, the median wealth of non-Hispanic black households fell nearly 38% from 2010 to 2013. [94] During that time, the median wealth of those households fell from $16,600 to $13,700. The median wealth of Hispanic families fell 14.3% as well, from $16,000 to $14,000.
[2] [3] However, when looked at in relative terms, wealth is highly concentrated: the bottom 50% of Americans only share 2% of total household wealth while the top 1% hold 35% of that wealth. In the United States, as of 2019, the median household income is $60,030 per year and the median household net worth is $97,300, while the mean household ...
With the prices of goods and services rapidly rising across America, many people find it difficult to entertain the idea of building wealth. Many believe the system works against them and that only...
goods, America’s trade deficit will decline and the dollar will strengthen. The benefits even extend beyond immediate economic growth. The lease payments, royalties, and taxes paid to the American people in return for the development of the nation’s resources can yield literally trillions of dollars in new government revenue.
In another example, The Economist propounds that a swelling corporate financial and banking sector has caused Gini Coefficients to rise in the U.S. since 1980: "Financial services' share of GDP in America doubled to 8% between 1980 and 2000; over the same period their profits rose from about 10% to 35% of total corporate profits, before ...