Have the top 0.1% of Americans made out like bandits since 2000?
Or have they merely stood still?
IT IS A truth universally acknowledged that inequality in the rich world is high and rising. Or, at least, it used to be. A growing band of economists are challenging the received wisdom, pointing out that trends in the distribution of income and wealth may not be as bad as is often thought. Two recent studies focus on wealth inequality in America, providing further ammunition to the dissenters.
This article appeared in the United States section of the print edition under the headline “How the 0.1% did”
United States May 9th 2020
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