Nine households control 15% of wealth in Silicon Valley as inequality widens https://ift.tt/0Di3Rzt Cecilia Nowell Report finds that wealth divide widened in Silicon Valley at double the rate of the whole US over the past decade Economic inequality has reached a staggering milestone in Silicon Valley: just nine households hold 15% of the region’s wealth, according to new research from San Jose State University. A mere 0.1% of residents hold 71% of the tech hub’s wealth. The findings come from the 2025 “Silicon Valley Pain Index”, a report published by SJSU’s Human Rights Institute each year since 2020. The report aims to quantify “structured inequalities” in Silicon Valley, and measures “pain” as “both personal and community distress or suffering”. Continue reading... https://ift.tt/eJxZGPR July 22, 2025 at 12:17AM

Report finds that wealth divide widened in Silicon Valley at double the rate of the whole US over the past decade

Economic inequality has reached a staggering milestone in Silicon Valley: just nine households hold 15% of the region’s wealth, according to new research from San Jose State University. A mere 0.1% of residents hold 71% of the tech hub’s wealth.

The findings come from the 2025 “Silicon Valley Pain Index”, a report published by SJSU’s Human Rights Institute each year since 2020. The report aims to quantify “structured inequalities” in Silicon Valley, and measures “pain” as “both personal and community distress or suffering”.

Continue reading...

from The Guardian https://ift.tt/0Di3Rzt