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More Americans need a "seat at the table" of the U.S. economy, urges troubling new report by the Economic Innovation Group.
www.huffpost.com
About 15% of households own stocks, and 13% hold business equity or other residential property
For more Americans to have a “seat at the table” of the economic system, the report concludes, “lawmakers should consider ways in which public policy can open up more pathways to asset ownership to a wider array of Americans.”
To the surprise of few people, the wealth income gap among American communities is yawning ever wider,
The EIG report — which focused specifically on income from interest, stock dividends and rent — discovered that the gap between counties with the lowest and highest asset income per capita increased sixfold between 1990 and 2019.
The report demonstrates that while asset values may soar, they are only enjoyed by a fraction of Americans, while the rest must depend on wages. “The reality is this: building asset wealth is currently unattainable for the majority of Americans,” the report stated.
More Americans need a "seat at the table" of the U.S. economy, urges troubling new report by the Economic Innovation Group.
www.huffpost.com