The worrisome and widening gap in America between the haves and have-nots

The wealth gap is widening in the U.S. as many Americans report growing concerns about the cost of everyday necessities.

The top 1 percent in the U.S. grew their wealth by about $5 trillion last year and now collectively have about $55 trillion, which amounts to nearly the entire wealth of the bottom 90 percent, according to Federal Reserve data released in January.