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The Guardian - US
The Guardian - US
World
Lauren Aratani

Boom time for US billionaires: why the system perpetuates wealth inequality

two men sit in red car
Donald Trump and Elon Musk at the White House in March this year. Photograph: Mandel Ngan/AFP/Getty Images

To many Americans, the economy of the past five years has been rough. Prices have soared yet pay remains stagnant. High mortgage rates have made buying a home a dismal prospect. The unemployment rate has been creeping up.

Most people have indicated they are delaying major life decisions, including having kids or switching jobs, because of the instability. But for a very small group of people, the last five years couldn’t have been any better.

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