Summary
The article discusses economic inequality in the United States during President Donald Trump's administration. It highlights the growing wealth of the richest Americans while many face financial struggles. The article suggests that policies favoring the wealthy have increased this disparity.
Key Facts
- President Trump described the current era as a "golden age of America."
- The wealthiest 0.1% of Americans now own 24% of the stock market.
- The ten richest U.S. billionaires increased their wealth by $698 billion in one year.
- More than 40 million Americans could lose access to critical food assistance.
- Black unemployment rates are rising, and wage growth is slowing.
- Health insurance costs are increasing, as are delinquency rates for auto loans and student debt.
- Policies from President Trump's administration are said to favor the wealthy significantly.
- Oxfam research shows the poorest in the richest 1% gained much more wealth compared to the average U.S. household over the past decades.
