You may have seen this recent video on wealth inequality. It graphically shows how 40% of the nation’s financial assets are now owned by only 1% of the population. By contrast, the 80% of Americans with the least wealth control only 7% of the assets. Or, to put it another way, the wealthiest 3 million people in this country own nearly six times more wealth than the poorest 240 million.
There are many reasons to find this trend disturbing. This is a huge issue for our nation, economically, politically, philosophically, and morally. But here’s today’s question: How does the growing wealth disparity in the United States affect nonprofits? Continue reading