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The powerful millionaires hiding in plain sight

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This article first appeared in the Planet Money newsletter. You can sign up here.

Who is rich in America, and how did they get there?

That’s the central question of an eye-opening new book, The Everywhere Millionaire, by two economists who have spent more than a decade researching the wealthiest Americans. Their answer challenges the popular narrative that America is in a new Gilded Age dominated by a small number of spectacularly rich billionaires.

Look beyond

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