Young Americans say billionaires do more harm than good, study shows

Roughly two-thirds of Americans now say being rich is more about having advantages in life than working hard.

At a time of near-record wealth concentration, more than twice as many young Americans say the existence of billionaires is bad for society as those who say it is good.

According to the Pew Research Center, 39 percent of adults younger than 30 support the view that people whose personal fortunes exceed $1 billion “is a bad thing,” while 16 percent say billionaires are good for society.

It’s worth noting, however, that a plurality of young Americans — 45 percent — profess indifference either way.

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