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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ It's been nearly 100 years since 1% of America had so much wealth

It's been nearly 100 years since 1% of America had so much wealth



It's not fashionable to wear dresses and make Charleston, but inequality in the wealth of the 1920s is definitely back in style.

New research has shown that America's super-rich has not held so much wealth in the country as Jazz Age, the free movement time before the country's finances are ruined.

"The United States wealth seems to have returned to the levels seen over the last twenty years," writes Gabriel Zuckman, professor of economics at the University of California at Berkeley.

Zucman said that all the studies on this issue also point to large concentrations of wealth in China. and Russia over the last decades. The same is happening in France and the UK, but with a "moderate increase", the newspaper writes.

In 1

929 – before the Great Depression disaster, the richest share of the richest adults in the total household wealth was nearly 25%, according to Tukman's report, which was distributed by the National Bureau of Economic Research. These rates fell in the early 1930s and continued to fall below 10% in the late 1970s. Since the early 1980s, price increases have been observed and are currently close to 20%.

Nowadays it is particularly difficult to measure the full degree of wealth. "Since the 1980s, a large offshore wealth management industry has developed that makes some forms of wealth (namely, financial portfolios) more difficult to capture," the paper added. Do not Miss: Most Americans who earn $ 90,000 a year say they are not considered wealthy

Other researchers have said the big recession has increased income gaps. Income of the largest incomes fell by 4%, but the bottom income of households has fallen by 20%. 49-year-old bottom last fall of 3.7%

However, millions of Americans are living salary for salary; The recent government's exclusion from a partial government has forced some federal workers to feed in food cages and shed light on the lack of savings for Americans.

But it's not the next step to tell if the stock market collapse is just around the corner. Indeed, scientists have been working for decades in the chronicle and discussion of all the causes of the Great Depression.

The document is another insight into the issue of income inequality, something that is in the minds of academics, politicians, billionaires, and even credit ratings. agencies. At the end of last year, Moody's said rising wealth gaps could lead to a downgrading of the federal government's bonds.

Other researchers have also made parallels between the present and the past. The Economic Policy Institute, the Washington-based left-thinker thinks America's most profitable 1% has taken 22% of all national income. The organization said in 1928 that 23.9% of the country's income had reached the highest 1%.

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