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PGIM Fixed Income

2023 Top 500 ranking: 29

Wealth Inequality—A Tale of the Diverging Tails

Wealth Inequality—A Tale of the Diverging Tails

The issue of increased wealth inequality has accompanied the recovery in U.S. household balance sheets to the point where the Top 10% of U.S. households now hold 70% of the wealth, while the Bottom 90% account for just 30%. This paper examines the underlying drivers of the widening wealth distribution ...

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