Wealth Gap Widens to Depression-Era Levels

America’s top 1% now owns nearly a third of all wealth — the highest since 1989 — echoing the extreme inequality seen before the Great Depression. Driven by soaring stock markets and corporate profits, this gap widens as inflation crushes middle- and lower-income budgets. Policies in recent decades have tilted toward the wealthy, reversing the more balanced wealth distribution of the mid-20th century. In response, states are pushing new taxes on the ultra-rich, while billionaires relocate to tax havens — yet new wealth keeps emerging. Meanwhile, high earners barely feel the pinch, while everyday families scramble to stretch every dollar thinner. 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/c4a69f70f4faafc7