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America's richest collective wealth climbed over $2T, now totaling more than $5T

This difference in the way billionaires are seen alone vs as a group may affect how much people support wealth taxes on the super-rich to reduce income inequality, researchers from Ohio State said.

A new report from research firm Wealth-X found that the global COVID-19 pandemic has intensified the growth of social inequality and witnessed an unprecedented accumulation of wealth among the most privileged layers in society.

The ending of federal unemployment programs and eviction moratoriums with the support of both Republican and Democratic officials has left millions of workers in the US desperate as they rush to figure out how they will provide for themselves and their families.

March 2, 2021 © Photo: Flickr/dmbosstone By Chuck COLLINS February 24, 2021 Update: US Billionaire Wealth Grows $1.3 trillion Since Mid-March 2020. As the US crosses the threshold of half a million deaths from the Covid pandemic, the nation’s billionaires continue to reap extraordinary financial gains.  After 11 months of pandemic misery, where millions have lost their jobs, health and wealth, total US billionaire wealth increased $1.3 trillion since mid-March, 2020, an increase of 44 percent. As of the market close on Friday, February 19, the country’s 664 billionaires now have combin...