Nine households control 15% of wealth in Silicon Valley as inequality widens

The report from San Jose State University's Human Rights Institute reveals a widening wealth inequality in Silicon Valley. Just nine households, or 0.1% of the region's residents, control 15% of the total wealth, while 71% of the wealth is held by this minuscule population. This inequality has grown at double the rate of the overall U.S. over the past decade, according to the "Silicon Valley Pain Index" report. The report aims to quantify the "structured inequalities" and "personal and community distress or suffering" in the tech hub.
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