Over the last 3 months, 44 million US workers filed for unemployment while billionaires got $637 billion richer

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• US billionaire wealth grew more than $637 billion between March 18 and June 11, according to a new report published Friday by the Institute for Policy Studies think tank.
• In this 12-week period, as US states imposed coronavirus lockdowns, billionaires' total wealth grew from $2.95 trillion to $3.58 trillion — a 21.5% increase.
• In that same period, over 44 million US workers filed for unemployment, with 1.5 million claims filed in the last week alone.
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Over the past three months of the coronavirus pandemic, US billionaires continued to grow in wealth as the number of unemployment claims continued to rise, according to a new report by the Institute for Policy Studies think tank.

Between March 18 and June 11, total US billionaire wealth grew by $637 billion, from $2.95 trillion to $3.58 trillion — a 21.5% increase.

See the rest of the story at Business Insider

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See Also:

• The weekly $600 unemployment bonus that millions of Americans are relying on will end on July 31 unless Congress can agree on a plan to extend the payments
• Trump administration opposes extension of additional weekly $600 unemployment benefits, as unemployment remains high during COVID-19 pandemic
• Brazil wiped months of data from its official COVID-19 tracker, the latest attempt by Jair Bolsonaro to play down the crisis

SEE ALSO: Meet the 11 US billionaires whose fortunes have grown the most during the pandemic

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