Timely Topics
Timely Topics
St. Louis Fed
How the Rich Became Rich
9 minutes Posted May 4, 2023 at 4:01 pm.
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“Wealthy households, by investing mostly in their own businesses … compound their wealth at a much higher rate than the rest of the population,” says Serdar Ozkan, a research officer at the Federal Reserve Bank of St. Louis, explaining how the wealthiest people became rich.