中国金融四十人论坛7月27日发布的《宏观政策季度报告（2026年二季度）》揭示了美国财富集中化的加剧趋势。[1]数据显示，2019年至2026年一季度，美国家庭直接持有的股权财富从约29万亿美元攀升至约55万亿美元，近乎翻倍。[1]在这一增长中，财富分配不均现象尤为突出：2022年至2026年一季度的约21万亿美元增量中，前10%的家庭获得了约88%（18.5万亿美元），而后50%的家庭仅分得约1%（0.2万亿美元）。[1]
财富集中加速的时间点值得关注。[1]这一快速扩张阶段主要集中在2023年以后，恰逢AI技术驱动的股价上涨期。[1]AI应用程度较高的行业也面临就业增速放缓——2024年至2025年，信息产业、专业服务、金融与保险等行业的就业增速显著低于2010年至2019年的平均水平。[1]同期，收入最高的10%家庭可支配收入占比上升至36%，较2010年至2019年间的均值34.3%明显提高。[1]
对此，北京大学国家发展研究院专家黄益平表示应该"高度重视收入分配问题，未雨绸缪"。[1]有观点建议通过防御、赋能、再平衡三重策略来应对AI带来的收入分配失衡。[1]
A report released by the China Financial Forty Forum on July 27 reveals stark inequality in how wealth gains are distributed across American households in the age of artificial intelligence.[1] Between 2019 and the first quarter of 2026, U.S. household equity wealth nearly doubled, rising from approximately $29 trillion to $55 trillion.[1] However, the gains have been heavily concentrated: from 2022 through early 2026, of the roughly $21 trillion increase in household equity holdings, the wealthiest 10% of families captured approximately 88%—or $18.5 trillion—while the bottom 50% received only about 1%, or $0.2 trillion.[1]
The report attributes this widening disparity partly to AI-driven market movements, with the most rapid wealth expansion occurring after 2023 when stock prices surged alongside AI adoption.[1] Employment growth in sectors with high AI exposure—including information technology, professional services, and finance and insurance—significantly lagged historical averages in 2024 and 2025.[1] Meanwhile, the top 10% of earners saw their share of disposable income rise to 36% in 2025, notably exceeding the 34.3% average from 2010 to 2019.[1] According to the forum's analysis, artificial intelligence has intensified income inequality across the American economy.
The report suggests addressing these imbalances through a three-pronged approach: defensive measures to protect vulnerable workers, capacity-building initiatives to enable broader participation in growing sectors, and rebalancing policies to ensure more equitable wealth distribution.[1]