Wealth inequality in the United States facts for kids
Wealth inequality in the United States, also known as the wealth gap, refers to the unequal distribution of assets among residents of the United States. Wealth inequality in the U.S. is worse than in most developed countries other than Switzerland and Denmark.
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he income growth of the typical American family closely matched that of economic productivity until some time in the 1970s. While it began to stagnate, productivity has continued to climb. According to the 2014 Global Wage Report by the International Labour Organization, the widening disparity between wages and productivity is evidence that there has been a significant shift of GDP share going from labor to capital, and this trend is playing a significant role in growing inequality.
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As of 2021, Jeff Bezos is the richest person in the world.