More Americans need a 'seat at the table' of the U.S. economy, urges troubling new report by the Economic Innovation Group.
The EIG report — which focused specifically on income from interest, stock dividends and rent — discovered that the gap between counties with the lowest and highest asset income per capita increased sixfold between 1990 and 2019. And asset income has become more geographically concentrated: It nearly doubled since 1990 in the top 10% of counties, but barely changed for the bottom 90% of counties.
EIG Research Director Kenan Fikri pointed out that the pandemic in particular has “underscored the divide in financial security and well-being between the Americans who own assets and those who do not.”
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