(Bloomberg) -- The U.S. is home to a working class sufferingfrom stagnant incomes and declining job prospects—widespreadstruggles that helped elect Republican Donald Trump. Therelative wealth of Americans in all age groups keeps falling,compared with previous decades.
At the same time, the country is also home to an unprecedentedamount of wealth, a divergence that has made income inequality ahousehold phrase. America has $55.6 trillion in privatefinancial assets and more millionaires than any other nation in theworld by far.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
