'Little Evidence' Wealth Inequality Is Going to Change Anytime Soon

October 15, 2020 0 By JohnValbyNation

The wealth gap roughly doubled over the past decadeā€”a sign of a trend of growing inequality this likely to continue, a new study (pdf) finds.

Using data from 2003 to 2013, the University of Michigan researchers found that those at the bottom were disproportionately hit by losses in the Great Recession, though net worth by all but the top five percent was lower in 2013 than it was in 2003.

While the wealthiest 5 percent held 13 times more wealth than the median household in 2003, a decade later, that disparity surged to 24 times more wealth in the hands of the top bracket, the researchers found.

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