U.S. wealth inequality is the highest it has been in nearly four decades, according to federal data, as the economy under the Trump administration appears to increasingly favor the rich.

As of late 2025, the top 1 percent of households held 31.7 percent of wealth, the highest share on record since the Federal Reserve began tracking the figure in 1989.

  • etherphon@piefed.world
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    5 days ago

    And thanks to social media, media conglomeration and partisan politics they can live in totally separate realities from each other. I’m sure that’s not causing any problems.

    • TubularTittyFrog@lemmy.world
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      5 days ago

      i meet people with similar education, job, politics, etc.

      and they are living in a totally different reality from me. and they are straight up hostile to my reality because it isn’t a mirror reflection of their own.

        • TubularTittyFrog@lemmy.world
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          5 days ago

          yeah and people are mentalyl unhealthy because they are living in their little rabbit holes of siloed information.

          the amount of willful, deliberate, ‘i’m sticking my head in the sand and you can’t stop me from doing it’ crap I see IRL and here on fediverse blows my mind. It wasn’t like this a decade ago. a decade ago people would be curious about your differences and at least ask you questions, now everyone is apparently some expert genius with psychic powers who knows ‘everything they need to know’ about you based on what shirt you wore today.

      • DagwoodIII@piefed.social
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        5 days ago

        Blame Reagan.

        Back in the Cronkite Era the Fairness Doctrine insured that anytime a station put on an editorial it had to provide equal time to the opposing point of view.

        Reagan deregulated the FCC and made it easier for big companies to own and operate radio and TV stations. And he made sure that the emerging cable companies could put on anything and call it ‘news.’

        • Lemmayng@lemmy.world
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          5 days ago

          “Blame Reagan”

          That’s all you had to say. Any argument that starts with “Blame Reagan” objectively needs no further explanation.

          • DagwoodIII@piefed.social
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            4 days ago

            It’s amazing how people are still angry with Ronnie just because he destroyed the middle class and imported tons of cocaine.