The Profitable and the Few

By Marissa Rothkopf Bates

Article Reprintbanks

The 1 percent phenomenon is not isolated to the highest income earners in the United States. The trend of a growing concentration of wealth is occurring in other parts of the economy too. Take banks, where the top 1 percent—a mere 68 out of close to 7,000 nationwide—now controls three quarters of all bank assets in the country.

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