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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[–] 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.