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Keyword: middleclassshrinking

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  • The long-run tendency for wealth to concentrate in a few hands

    09/18/2021 9:06:12 AM PDT · by doug from upland · 50 replies
    uk business review ^ | Sept 2021 | Helena Vieira
    In recent years, long-term trends in economic inequality have attracted growing attention from social scientists, which also reflects civil society’s increasing awareness of the deepening economic disparities. In this context, particular attention has been paid to the share of the total income or wealth earned/owned by the top of the distribution – usually the top 1%, 5% or 10% among individuals or households. The share of the top richest is both interesting per se (as it is informative of “how rich” the better-off are), and as an indicator of the overall trends in economic inequality. New time series of wealth...