Billionaire Ray Dalio thinks American economy is dependent on the 1%; with only three states driving its GDP

Oct 27, 2025 - 20:30

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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.