What Happened in the mid-1990s? The growth of wealth and its concentration from 1980 to today
Apr 10, 2023
The growth of wealth since 1980
The market cap of the largest US company has grown rapidly since 1980:
And the wealth of the richest American has also grown rapidly since 1980:
Market caps have even grown substantially relative to average income:
Similarly, wealth of the richest American has grown substantially relative to average income:
And relative to US GDP:
Conclusion: Something happened in the mid-1990s.
Companies and individuals on the same trajectory
But, the ratio of market cap and wealth has stayed roughly the same since the mid-1990s:
What Happened in the mid-1990s?
