Equities pushing US wealth inequality - Minneapolis Fed paper
Wealth inequality boosted by record-high stocks and slower growth in house prices, paper finds
Growing US wealth inequality has been partly driven by equities’ values out-pacing that of housing, says research published by the Federal Reserve Bank of Minneapolis.
Most research on inequality in the US has traditionally focused on income, says Douglas Clement, editor of The Region, a portal at the Minneapolis Fed. However, a study published in June by the Opportunity and Inclusive Growth Institute at the Minneapolis Fed sheds more light on the sources of wealth inequality.
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