‘100% completely unsustainable as a society.’ Billionaire advisor calls out widening inequality that leaves America’s poorest 80% ‘falling behind’

The U.S. wealth gap has grown so wide, even America’s billionaires can’t help but notice.

In the third quarter of 2025, the top 1% of U.S. households owned a whopping 31.7% of U.S. wealth, according to Federal Reserve data released in January. It’s more or less as much as what the bottom 90% of Americans hold, the widest the gap has been since the Fed started collecting data in 1989. And although headline figures are relatively strong, the U.S. economy doesn’t feel like it’s working for everyone...