The 1% has so much money they literally don't know what to do with it (via axios)
The top 1% of earners are holding record amounts of money: $303.9 billion to be exact. Despite growing income inequality, the richest households collectively have more than ever before. The top 1% had only $15 billion just before the financial crisis, a fraction of what they hold a decade later. Large companies are overwhelmingly and uniformly choosing not to reinvest much of it into their businesses; instead, they're hoarding it in cash and buying back stock.
The top 1% of earners are holding record amounts of money: $303.9 billion to be exact. Despite growing income inequality, the richest households collectively have more than ever before. The top 1% had only $15 billion just before the financial crisis, a fraction of what they hold a decade later. Large companies are overwhelmingly and uniformly choosing not to reinvest much of it into their businesses; instead, they're hoarding it in cash and buying back stock.
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