WHY THE SUPER RICH ARE INEVITABLE by Alvin Chang | January 2023
Why do super rich people exist in a society?
Many of us assume it’s because some people make better financial decisions. But what if this isn’t true? What if the economy – our economy – is designed to create a few super rich people?
That’s what mathematicians argue in something called the Yard-sale model…
Who Benefits from Income and Wealth Growth in the United States? by Blanchet et al
Realtime Inequality provides the first timely statistics on how economic growth is distributed across groups. When new growth numbers come out each quarter, we show how each income and wealth group benefits.
Controlling for price inflation, average national income per adult in the United States decreased at an annualized rate of -2% in the third quarter of 2022, and average income for the bottom 50% shrunk by -2.4%.