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Super Rich Share of Wealth Hits New High in 1983
Washington reports that America's top 0.5 percent held 35 percent of wealth in 1983, up from 25 percent in 1963, with the richest 420,000 households averaging assets of 8.9 million. The study notes tax policy shifts favoring the wealthy and warns of rising cynicism toward institutions.
MENTIONED IN THIS ARTICLE
Washington
America
Congressional Joint Economic Committee
Federal Reserve System
David Obey
D-Wis
Obey
United States
Census Bureau
U.S