Why are these people smiling?
The six at the top are heirs of Walmart founder Sam Walton. According to Forbes magazine, they are worth, together, $115.3 billion. The bottom two are the more recognizable faces of Bill Gates, worth $67 billion, and Warren Buffett, worth $53.5 billion. These six people are worth a total of $286.8 billion.
The bottom 40% of Americans? They were worth around $95 billion. That is around 49 million families, whose total wealth is a little more than a third of a mere eight people.
It is not for nothing that this has been called the New Gilded Age.
Except the disparity in fortune is even greater this time around.