Overview
- Drawing on Federal Reserve data, the report finds that from 1989 to 2022 the average top 0.1% household gained $39.5 million in wealth while a bottom‑20% household gained less than $8,500.
- The analysis labels President Trump’s May 2025 “One Big Beautiful Bill” a major upward transfer of wealth, with Oxfam projecting a $311,000 tax cut in 2027 for the highest‑earning 0.1%.
- OECD comparisons in the report place the U.S. with the highest rate of relative poverty, the second‑highest child poverty and infant mortality, and the second‑lowest life expectancy among rich countries.
- Wealth gaps have widened across race and gender, with white households gaining 7.2 times more wealth than Black households and male‑headed households gaining four times more than female‑headed households since 1989.
- Oxfam urges four reforms—rebalancing power, taxing wealthy individuals and corporations, strengthening the safety net, and protecting unions—while warning of steep political resistance.