Dossier
Stone Center on Wealth and Income Inequality
Coverage of Stone Center on Wealth and Income Inequality in the Nexus archive.
- Surging stock market, Donald Trump policies boost wealth for top 1%
Elon Musk became the world's first trillionaire following SpaceX's IPO, highlighting growing wealth concentration in the U.S. The top 1% held 31.9% of the nation's wealth by 2025, driven by stock market gains and policies under President Donald Trump. Economists attribute the trend to tax cuts and corporate profit distribution shifts.