Finance Fridays With Mary, Volume 4: The Worry of Wall Street : Planet Money There's a trend emerging in the finance world: Billionaire financiers are increasingly — if belatedly? — acknowledging inequality in America.
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Finance Fridays With Mary, Volume 4: The Worry of Wall Street

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Finance Fridays With Mary, Volume 4: The Worry of Wall Street

Finance Fridays With Mary, Volume 4: The Worry of Wall Street

Finance Fridays With Mary, Volume 4: The Worry of Wall Street

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  • <iframe src="https://www.npr.org/player/embed/756094923/756097213" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Ray Dalio, a billionaire investor, says wealth inequality is a national emergency. Web Summit via Getty Images hide caption

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Web Summit via Getty Images

Ray Dalio, a billionaire investor, says wealth inequality is a national emergency.

Web Summit via Getty Images

Mary Childs of Barrons joins us for a weekly update on what's going down on Wall Street. Today she updates us on a trend that she's seeing among billionaire financiers: They're increasingly worried about inequality in America.

A report from the St Louis Federal Reserve found that the richest 10 percent of families own more than three quarters of all the wealth in the country, while the bottom 50 percent of families own just one percent of the total wealth in the country. That disparity is giving quite a few wealthy Wall Street folks qualms. While they don't want to destroy the system that has made them rich, they are keen to find some solutions to what some of them feel is becoming a problem.

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