US sees stark wealth gap widening

While some fly off on private jets, others can barely afford to buy food

Editor's note: As the wealthy in the United States take lavish vacations, spend on luxury goods and dine out as usual, the poorest battle the fallout of inflation squeezing their abilities to afford the basics. China Daily takes a closer look at the widening wealth gap in the country.

The growing gap between the "haves and have-nots" in the United States is widening as the middle class and the uber-wealthy take lavish vacations, spend on luxury goods and dine out as usual, while the poorest battle the fallout of inflation squeezing their ability to afford the basics such as food and rent.

The majority of the millionaires and billionaires in the country are located in New York City, which has the largest number of both sets of rich people, with 350,000 millionaires and 60 billionaires, according to the USA Wealth Report from Henley and Partners and New World Wealth.