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"Why You Shouldn’t Worry Too Much About US Wealth Inequality"

James Pethokoukis:

According to the authors of the 2023 analysis “Social Security and Trends in Wealth Inequality,” top wealth shares have not changed much over the last three decades when Social Security is properly accounted for. This is because Social Security wealth increased substantially from $7 trillion in 1989 to $39 trillion in 2019 and now represents 49 percent of the wealth of the bottom 90 percent of the wealth distribution.