Why America's 1-Percenters Are Richer Than Europe's
The share of total income of the top 1% of earners in the U.S. more than doubled over four decades. But in Europe, the gains were less dramatic. What accounts for the difference across the Atlantic?
A new Gilded Age has emerged in America — a 21st century version.
The wealth of the top 1% of Americans has grown dramatically in the past four decades, squeezing both the middle class and the poor. This is in sharp contrast to Europe and Asia, where the wealth of the 1% has grown at a more constrained pace.
At the turn
