Wealth Gap Reaches Depression-Era Levels

The top 1% now owns nearly a third of U.S. wealth—the highest since 1989—driven by soaring stock markets and corporate profits, while middle- and lower-income families feel the squeeze of inflation. Tax cuts and pro-business policies are blamed for widening the gap, as states consider new taxes on the ultra-rich. Despite some wealth redistribution, the U.S. tax system collects less revenue than peers, deepening inequality as the rich thrive and others tighten their belts. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/82945b950cc31589