400 Richest Americans Own More Than 150 Million Of The Nation’s Poorest: Study

A new study of the intensifying concentration of wealth in the United States reveals that the 400 richest people in the nation — just .00025 percent of the population — own more than the 150 million adults in the bottom 60 percent, according to an analysis by The Washington Post.  The information on the richest Americans, in a working paper by the University of California at Berkeley economist Gabriel Zucman, comes as pressure appears to be mounting among American taxpayers to increase taxes on the country’s ultra-wealthy.  Zucman’s study, “Global Wealth Inequality,” released last month, also found that the 400 richest Americans tripled their wealth since the early 1980s.

READ MORE: The Huffington Post