Business Report: American wealth
Updated: Jun. 12, 2019 at 10:11 AM HST
HONOLULU, Hawaii (HawaiiNewsNow) - Bloomberg News created a chart that puts current distribution of wealth in context. The top 1% hold almost 40% of U.S. wealth. The last time things were like this was in the Great Depression. The top 1% get most of their income from stock dividends. Dividends come from companies selling goods and services. Goods and services are bought by the bottom 99%. The less money they have, the less they spend on goods and services.
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