Category Archives: Wealth Distribution

How ‘Trump accounts’ for kids could widen the wealth gap

August 15, 2026 How ‘Trump accounts’ for kids could widen the wealth gap BY Emily Guy Birken So far, 530A tax-advantaged investment accounts for kids, also known as “Trump accounts,” have had a successful debut. As of July 27, just over three weeks after the accounts went live, Treasury Secretary Scott Bessent reported that 7 million … Continue reading How ‘Trump accounts’ for kids could widen the wealth gap →

A majority of millionaires say extreme wealth is a threat to democracy

January 20, 2026 A majority of millionaires say extreme wealth is a threat to democracy  span>span]:whitespace-nowrap”>As wealth inequality widens and billionaires become increasingly enmeshed with politics, the public is growing more and more disillusioned with the ultra-wealthy and the role they play in society. It’s not just those with low or median incomes who feel … Continue reading A majority of millionaires say extreme wealth is a threat to democracy →

The world got 5.2 million more millionaires last year, but many are getting pinched in 2022

By Sam Becker September 23, 2022   Two-and-a-half million people in the United States became millionaires last year, but thanks to rising prices, that may not mean as much as it used to.       Worldwide, 5.2 million people became millionaires in 2021, according to the Global Wealth Report 2022, an annual release published … Continue reading The world got 5.2 million more millionaires last year, but many are getting pinched in 2022 →

Are you wealthy? Here’s how much money Americans say they need to live comfortably

By Sam Becker   May 18, 2022 The pandemic was a catalyst for all types of change, and that includes how comfortable many Americans are with their nest eggs. Americans say they need an average net worth of $774,000 to be “financially comfortable,” and an average net worth of $2.2 million to be “wealthy,” according … Continue reading Are you wealthy? Here’s how much money Americans say they need to live comfortably →