The very rich have 1,000 times more wealth than the poorest households, according to a new report. That wealth is not improving the livelihoods of other people in the economy.
But if the stock market stumbles, they may pull back.
Pope Leo XIV’s first teaching called on Catholics to engage with and help solve poverty.
From 2019 to 2022, total U.S. household wealth grew 25%., but there’s lots of evidence that Americans are disenchanted with this economy.