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Sep 08, 2014
According to the Study of Consumer Finances, a report released every 3 years by the Fed, the super rich are continuing to get richer, while the gap between the rich and poor continues to widen. The report found that the wealthiest 3% of American households controlled 54.4% of the nation’s wealth in 2013, a slight increase from the last survey in 2010. At the same time, the wealth shared by the bottom 90% fell to 24.7% in 2013.
These statistics are slightly higher than those in 2010, but significantly larger than those from the past decade. The wealthiest 3...