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Story summary
- The top 1% now owns 31.7% of U.S. wealth, nearly matching the bottom 90%.
- Wealth concentration has intensified since the pandemic, driven by stock gains and uneven wage growth, with high-income wages up 3% and low-income up 1.5% last year.
- Ray Dalio, billionaire, warns this widening gap could fuel populism and threaten democracy.
- Despite positive indicators, many Americans feel left behind, showing a gap between data and experience.
