University of Chicago Research Maps American Wealth Composition
1 report, 1 independent
Updated Sep 20
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What happened
A University of Chicago economist used anonymized IRS tax records to map the composition of American wealth in a new book, *Everywhere Millionaire*. The research found that auto dealers were the number one industry generating pass-through business income among the top 1%, ranking ahead of software and finance.
From 247wallst.com
Why it matters
The research provides a detailed look at how wealth is generated across different sectors of the economy. It highlights the significant role of industries like auto dealerships in creating generational wealth for the wealthiest Americans.
University of Chicago research maps the composition of American wealth.
From 247wallst.com
Who's involved
- University of ChicagoInstitution conducting the research into American wealth composition
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The entities involved
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University of Chicago
private university in Chicago, Illinois