America’s wealthiest billionaires got $698 billion richer this year, while the average home earned $83,000—and the gap’s set to get wider under Trump

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America’s wealthiest billionaires got $698 billion richer this year, while the average home earned $83,000—and the gap’s set to get wider under Trump

fortune.com/2025/11/04/americas-wealthiest-billionaires-698-billion-richer-this-year-average-us-home-earned-83k-dollars-gap-get-wider-donald-trump-administration-oxfam-report-warns

While Americans are pinching their pennies amid SNAP cuts, soaring housing costs, and mass layoffs, the ultra-rich are seeing unprecedented wealth gains. In the coming years, we could even have our first trillionaire: Elon Musk.
Now, a new report from Oxfam has revealed that the world’s…

This story appeared on fortune.com, 2025-11-04 16:31:33.