America’s top 1% get $2 trillion richer ...News

Russia Today - Economy
America’s top 1% get $2 trillion richer
source : Russia Today ( News ) () 56
The combined wealth of the richest people in the US has grown to $44.6 trillion, according to the Federal Reserve The wealthiest Americans got even richer last year and now possess $44.6 trillion in combined assets, thanks to the skyrocketing stock market, CNBC reported on Thursday, citing new data from the Federal Reserve. The Federal Reserve defines America’s top 1% as those with personal wealth amounting to more than $11 million. In the fourth quarter of last year, they saw their combined net worth rise by around $2 trillion, according to CNBC. The rise was largely the result of a stock market rally at the end

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