Wealth inequality is accelerating globally, with stock ownership concentration now driving over a third of the racial wealth gap in America while generational divides widen. Tax policy and early-life asset access emerge as critical factors shaping economic mobility across countries.
·Stock ownership concentration accounts for 36% of racial wealth gap, nearly tripling from 14% in 1989
·Wealth gap between baby boomers and Gen Z has grown significantly wider than previously understood
·Early-life wealth building programs show potential to alter economic mobility trajectories
·Extreme wealth concentration reshaping financial landscapes in North America and Europe
·Global wealth distribution shifting toward greater inequality across multiple developed economies
drawn from Mother Jones, Oxfam, AOL.com, Institute on Taxation and Economic Policy · updated 1h ago