✉news BusinessEconomy first seen 20 h ago, last 8 h ago, peak #5
K-shaped economy widens gap between rich and ultra-rich
Original: The K-shaped economy splits the rich from the ultra-rich, who average $200 million in net worth
The ultra-rich now average $200 million in net worth, a tier increasingly split from the merely wealthy as the economy develops along K-shaped lines. In this pattern, asset owners at the top keep growing richer while the rest of the population stagnates, with the gap even widening between different levels of affluence, according to Fortune's reporting.
Why now: Growing concern over wealth inequality and divergence between economic groups is drawing attention to new data on the ultra-rich.
Evidence
- The K-shaped economy splits the rich from the ultra-rich, who average $200 million in net worth · Fortune
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