RaffaeleLello

Good morning, I would like to share an information from Morning Zapping, by the excellent Marc Fiorentino, who in turn refers to data from a study by the Wall Street Journal. Do you remember the K economy? The letter used to describe the structure of the economy of the United States. The top part of the K, the small portion of the population that drives growth. The bottom part of the K, the overwhelming majority of the population that fully suffers from the decline in purchasing power. You will see, the numbers are staggering. 0.1%. 0.1% of Americans. The ultra-rich. The Fed has published a study analyzed by the Wall Street Journal. First finding: their wealth has more than doubled since 2019. We are talking about 14.5 trillion dollars in additional wealth. Of which 10 trillion came from the increase in the stock market and investments. In 6 years. THIS 0.1% Of the population now controls 28 trillion dollars, which represents 15% of the total wealth of Americans. But the most spectacular figure: In 2022, the average wealth of this 0.1% was 45.8 million dollars. In 2026, it is 200 million. SO 28 trillion dollars of wealth for the 0.1% of the population. While the wealth of the bottom 50% of less wealthy Americans is 4 trillion dollars. $63,000 in average wealth. 3,000 times less than that of the 0.1%. PROFILE OF THE 0.1% Mainly corporate executives. Mainly shareholders. And therefore primarily holders of shares in listed or unlisted companies. That's where the explosion of their wealth came from. We are talking about only 137,000 families. Real estate has also significantly contributed to enrichment, and it is also true, but to a much lesser extent for a large portion of American families. Notice: This is a study regarding the USA, but it can easily be applied to the rest of the world as well. The rich are getting richer, while poverty numbers continue to rise. (translated)