id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
en-wikipedia-org-4176		Economic inequality - Wikipedia			.html	text/html	14036	2476	68	According to PolitiFact, the top 400 richest Americans "have more wealth than half of all Americans combined."[14][15][16][17] According to The New York Times on July 22, 2014, the "richest 1 percent in the United States now own more wealth than the bottom 90 percent".[18] Inherited wealth may help explain why many Americans who have become rich may have had a "substantial head start".[19][20] In September 2012, according to the Institute for Policy Studies (IPS), "over 60 percent" of the Forbes richest 400 Americans "grew up in substantial privilege".[21] A 2017 report by the IPS said that three individuals, Jeff Bezos, Bill Gates and Warren Buffett, own as much wealth as the bottom half of the population, or 160 million people, and that the growing disparity between the wealthy and the poor has created a "moral crisis", noting that "we have not witnessed such extreme levels of concentrated wealth and power since the first gilded age a century ago."[22][23] In 2016, the world's billionaires increased their combined global wealth to a record $6 trillion.[24] In 2017, they increased their collective wealth to 8.9 trillion.[25] In 2018, U.S. income inequality reached the highest level ever recorded by the Census Bureau.[26]	./cache/en-wikipedia-org-4176.html	./txt/en-wikipedia-org-4176.txt