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Wealth Gap Widens as Stock Market Booms
Description
The top 1% of Americans now own nearly a third of U.S. wealth — the highest share since WWII — fueled by soaring stock markets and profits, while most Americans grapple with rising costs and stagnant wages. Tax cuts and a less redistributive federal system have deepened the divide, prompting some states to consider new taxes on the ultra-rich, while billionaires relocate to tax havens. Inflation hits middle- and lower-income households hardest, as wealthier Americans remain insulated — widening the chasm between Wall Street’s gains and Main Street’s struggles.
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