Wealth, disparity grows in 3 years and more business news
(WorldNews Business)

Wealth, disparity grows in 3 years The savings of American families increased strongly between 2016 and 2019, according to Federal Reserve data released on Monday, but wealth inequality remained stubbornly high — and that was before the coronavirus pandemic took hold. Median net worth climbed by 18% in those three years, the Fed`s Survey of Consumer Finances showed, as median family income increased by 5%. The survey, which began in 1989, is released every three years and is the gold standard in data about the financial circumstances of...