the.com/wealth gap
the space between compound interest and just interest.
means the growing distance between what the richest and poorest households own, not just earn.
from tracked seriously since the gilded age, when robber barons made income look modest next to their actual holdings; economists started separating wealth from income data because paychecks hide the real story.
income vs wealthincome is a stream, wealth is the reservoir
top 1 percentowns more us wealth than the entire middle class
housing effecthomeownership gaps compound the divide across generations
inheritance factormost self-made wealth started with someone else's money