U.S. wealth inequality reaches new highs amid a "K-shaped" economy, data shows-Xinhua

U.S. wealth inequality reaches new highs amid a "K-shaped" economy, data shows

Source: Xinhua

Editor: huaxia

2026-02-02 15:54:15

A key measure of U.S. wealth concentration, the Gini coefficient, has reached a 60-year high, according to U.S. Bank.

Top 1% holds nearly 32% of wealth.

Bottom 50%: just 2.5%.

The divide is "structural, not temporary," CNBC reported, citing economist Mark Zandi.

Produced by Xinhua Global Service

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