wealth concentration
Coverage of wealth concentration in the Nexus archive.
- How business ownership is once again becoming a family affair
A growing share of businesses among wealthy Americans is being inherited rather than purchased, reflecting a broader wealth transfer as $36 trillion to $124 trillion in assets shifts to younger generations. Bank of America’s 2026 Private Bank Study shows 23% of businesses will be inherited, up from 5% in 2022, with factors including private capital growth, tax policies, and wealth concentration driving the trend.
- Surging stock market, Trump policies boost wealth for top 1%
Elon Musk became the world's first trillionaire through the SpaceX IPO, highlighting accelerating wealth concentration in the U.S. The top 1% held 31.9% of the nation's wealth by 2025, a record since 1989, driven by stock market gains and Trump-era policies. Economists like Thomas Piketty and Emmanuel Saez link this trend to lax tax policies and corporate profit distribution.