New Federal Reserve data reveals that approximately 18 million American households, or about 13% of all U.S. households, now rank as the wealthiest in the country. This shift marks a significant milestone in wealth distribution, highlighting growing economic disparities and the concentration of wealth among a relatively small portion of the population. The report shows that households with a net worth above $1.2 million fall into this top tier, underscoring rising asset values and investment growth as key drivers. Experts note that these affluent households benefit from a robust stock market and increasing property values, while many others face stagnant income levels. This data provides important insights into economic inequality trends and the evolving financial landscape for millions of Americans. Policymakers and analysts are closely watching these figures to better understand the implications for economic policy and wealth management strategies.
CBS NewsNew data shows data centers driving rapid growth in U.S. battery storage industry
October 10, 2026
New data reveals that data centers are playing a pivotal role in fueling a significant boom in the U.S. battery storage market. As demand for