News Summary

• Zohran Mamdani's populist victory in New York’s mayoral primary is a local tremor signaling a national earthquake.
• From the late 1980s to the present, the wealthiest 1% of the population have seen their share of the nation's wealth climb to 26%.
• Conversely, the bottom 80% have experienced a decline, with their wealth share dropping from 40% to a mere 30% during the same period.
• The wealthiest 10% of American households now own roughly 90% of all business equity, while half of all households own virtually none.