In An Age of Privilege, Not Everyone Is in the Same Boat

Posted by Catesby Willis, May 17, 2016

Companies are becoming adept at identifying wealthy customers and marketing to them, creating a money-based caste system.

Emmanuel Saez, a professor of economics at the University of California, Berkeley, estimates that the top 1 percent of American households now controls 42 percent of the nation’s wealth, up from less than 30 percent two decades ago. The top 0.1 percent accounts for 22 percent, nearly double the 1995 proportion.

  1. TrishRiley Says:

    In An Age of Privilege, Not Everyone Is in the Same Boat: Companies are becoming adept at identifying wealthy… https://t.co/erp5tstfAR

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