Although business ownership may not be the primary way that most individuals and families build wealth in the United States, in any capitalist economy it’s a route that cannot be ignored. Especially when the rules of that economy have been set such that in the past two decades, much of the growth in income inequality has been driven by a combination of returns to capital and, at the highest levels, pass-through business income. Although business ownership is clearly driving income generation and wealth accumulation among the top 10% and 1%, it can and should have a role in raising wealth levels for those in the bottom quintile of the wealth distribution.
This essay is part of The Future of Wealth publication. Download a copy of the whole book here: futureofwealth.org.
Tweet “Business ownership should have a role in raising wealth levels for those at the bottom of the current wealth distribution,” begins @Aspen_BOI Director Joyce Klein’s contribution to the book “The Future of Building Wealth.”
Tweet .@Aspen_BOI Director Joyce Klein contributed to the book “The Future of Building Wealth” from our colleagues @AspenFSP and @stlouisfed. Check out her essay, “Building Wealth Inclusively through Business Ownership.”
Tweet How can we take an inclusive look at building wealth among traditionally marginalized groups in America? @Aspen_BOI Director Joyce Klein’s essay, “Building Wealth Inclusively through Business Ownership,” takes a closer look.