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US Wealth Gap Reaches Highest Level in 100 Years

US Wealth Gap Reaches Highest Level in 100 Years

US Wealth Gap Reaches Highest Level in 100 Years - The Daily Hodl FEATURES News Bitcoin Ethereum Altcoins Financeflux

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Result US Wealth Gap Reaches Highest Level in 100 Years by Daily Hodl Staff July 22, 2026 in Big Money Wealth

concentration in the United States has reached extremes not witnessed in 100 years. The richest 0.00001% of Americans

now own 12% of national income, triple the Gilded Age peak, reports Moneywise. Economist Gabriel Zucman highlights that

in 1910 the figure stood at just 4%, but today it has soared dramatically. “The focus is on the really narrow, very,

very top of the distribution, the top 0.0001% that’s really a tiny number of individuals. That’s about 19 households

today. It was four households in 1913. But this is where a lot of the action is taking place today.” According to

Zucman, the rate of income disparity has surged in the last 50 years to favor the top 1%. The economist adds that if the

19 wealthiest individuals decided to spend all of their fortunes, they could purchase about 10% of the value of all the

goods and services produced in the US in a given year. The United States now boasts 979 billionaires with combined

assets of $5.7 trillion, the highest in the world. Forbes data shows that 15 of the 20 wealthiest people on the planet

live in the US. Zucman also notes that the ultra-wealthy are not spending their wealth in a way that could benefit

lower-income individuals. “It’s just an illustration of the overwhelming economic power that the rich have and the

power that they have to buy elections, to buy media, to buy influence, to buy competitors.” Follow us on X,

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