5 Biggest Issues in America and the Companies Working on Solving Them

2. Wealth Inequality

America’s economic traditions have resulted in one of the biggest wealth inequalities in the world, with an elite 1% that holds 32.3% of the country’s wealth as of late 2021, according to the Federal Reserve. In the same year, the wealth of the 1% increased by the same amount as the decrease of the middle class’s wealth, by 27%.

However, the problem has been in the spotlight for a while and the market is increasingly noticing it, resulting in the emergence of startups like Chime and Pioneer that aim to fight inequality through cheap credit and entrepreneurship respectively.