The United States has experienced a well-documented rise in income and wealth inequality in recent decades, with the very richest Americans accumulating a greater and greater share of overall wealth. But figuring out just how rich they are, and what assets are in their portfolios, is a tricky matter—and an important one for anyone who hopes to craft policy in order to reduce inequality. So Chicago Booth’s Eric Zwick and his coauthors have devised a new way to gauge how much wealth the ultrawealthy have and what it’s composed of. Their results can help update and sharpen the picture of inequality in the US.

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