💨 Abstract

The article discusses a significant increase in wealth among the 10 richest Americans, who gained $365 billion in 2024, while the average American worker earned around $50,000. This disparity highlights the growing wealth inequality in the U.S. Elon Musk alone accounted for over half of this increase. Oxfam criticizes a Republican bill that could further enrich the wealthy and cut social safety nets.

Courtesy: WTOP Staff