Part 8/10:
The growing concentration of wealth among the elites further complicates matters. According to data from the Federal Reserve, the richest 10% of the U.S. population owns about 70% of the nation's wealth, a staggering increase in inequality that has dire implications for societal stability. As the middle class shrinks, so does its ability to engage constructively in democratic processes, invest in education, and foster stable communities.
The Threat to Social Stability
The implications of an eroding middle class extend beyond economic metrics. A weakened middle class diminishes the social fabric that has historically defined the United States, threatening to unravel the democracy that relies on active participation from informed citizens.