this post was submitted on 27 Dec 2025

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America's richest 10% now hold 60% of the nation's wealth (bsky.app)

submitted 2 months ago by rssbot@lemmy.bestiver.se to c/hackernews@lemmy.bestiver.se

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[–] HellieSkellie@lemmy.dbzer0.com 6 points 2 months ago (1 children)

I wish it had a source on the data or an explanation on the chart, I wonder what the actual determinate for "family wealth" means.

is it the total liquid cash saved up by one person? By a family or household? Does it include assets and stocks? Is it simply the annual income of someone?

[–] chaospatterns@lemmy.world 2 points 2 months ago* (last edited 2 months ago)

Wealth in economics refers to the amount of assets (home, stocks, cash, bonds, art, etc.) That one owns. Wealth is a lot easier to grow than income is.

Family wealth likely refers to a single family unit, ie parents and kids.