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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.
Financial wealth is defined as "net worth minus net equity in owner-occupied housing." [30] In real money terms and not just percentage share of wealth, the wealth gap between the top 1% and the other quartiles of the population is immense. The average wealth of households in the top 1% of the population was $13.977 million in 2009.
High Society: The History of America's Upper Class, (Assouline, 2008) ISBN 2759402886; Fraser, Steve and Gary Gerstle, eds. Ruling America: A History of Wealth and Power in a Democracy, Harvard UP, 2005, ISBN 0-674-01747-1; Ghent, Jocelyn Maynard, and Frederic Cople Jaher. "The Chicago Business Elite: 1830–1930. A Collective Biography."
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 ...
In America, success is largely measured by wealth, and if you earn enough to outlive you, you can pass it on to your kids. But is generational wealth a worthy aspiration? I'm a Self-Made ...
According to a recent report by the Urban Institute, while Asian-American households, on average, have nearly $2 million in wealth, white U.S. households, on average, have over $1 million more in ...
The wealthy gain more political power, which results in policies that further slow economic growth. Many economists claim that America's growing income inequality is "deeply worrying", [125] unjust, [65] a danger to democracy/social stability, [148] [146] [147] or a sign of national decline. [163]
WASHINGTON -- The wealth gap between younger and older Americans has stretched to the widest on record, worsened by a prolonged economic downturn that has wiped out job opportunities for young ...