Billionaire Ray Dalio thinks American economy is dependent on the 1%; with only three states driving its GDP
Billionaire Ray Dalio thinks American economy is dependent on the 1%; with only three states driving its GDP
Speaking at the Fortune Global Forum in Riyadh, the Bridgewater Associates founder said the US economy can no longer be viewed “as a whole.” “You have to look at everything in terms of the very, very big differences and how those differences are handled,” Dalio said. He explained that about 1% of Americans — roughly three million people — are leading in areas like AI and technology, with another 5–10% around them forming the productive core. “The rest — the bottom 60% — are struggling,” he added, pointing to low literacy and declining productivity as warning signs.
Speaking at the Fortune Global Forum in Riyadh, the Bridgewater Associates founder said the US economy can no longer be viewed “as a whole.” “You have to look at everything in terms of the very, very big differences and how those differences are handled,” Dalio said. He explained that about 1% of Americans — roughly three million people — are leading in areas like AI and technology, with another 5–10% around them forming the productive core. “The rest — the bottom 60% — are struggling,” he added, pointing to low literacy and declining productivity as warning signs.
Speaking at the Fortune Global Forum in Riyadh, the Bridgewater Associates founder said the US economy can no longer be viewed “as a whole.” “You have to look at everything in terms of the very, very big differences and how those differences are handled,” Dalio said. He explained that about 1% of Americans — roughly three million people — are leading in areas like AI and technology, with another 5–10% around them forming the productive core. “The rest — the bottom 60% — are struggling,” he added, pointing to low literacy and declining productivity as warning signs. 
