Hi there,

The job of a journalist is to go to where the silence is — especially when those in power seek to silence voices that question or challenge power. That is what we do at Democracy Now! day in and day out, and we're able to do it because of financial support from people like you — people who trust and depend on our independent reporting. If you believe that freedom of speech and freedom of the press are essential to the functioning of a democratic society, please donate today. Thanks to a group of generous donors, all donations made today will be DOUBLED, which means your $15 gift is worth $30. Every dollar makes a difference. Thank you so much.

Democracy Now!
Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

As Millions Lose Jobs, the Billionaire Class Sees Wealth Soar by $434 Billion During Pandemic

HeadlineMay 22, 2020

New data from the Census Bureau found nearly half of all American adults say they or a member of their household had lost employment income since mid-March. But not all Americans have suffered. One new report found the wealth of the nation’s billionaires has increased by $434 billion, or 15%, since the pandemic began. This is Chuck Collins of the Institute for Policy Studies.

Chuck Collins: “Since March 18th, 38.5 million people have filed for unemployment. Over that same two months, billionaire wealth has surged — $434 billion in that short time. And we’re seeing the billionaire class in the United States, overall, seeing their wealth accelerate in the last couple months. Even Jeff Bezos and Mark Zuckerberg’s wealth combined has gone up $60 billion since March 18th.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top