Are stock buybacks deepening America's inequality? – CNNMoney

Why half of America is missing out on the stock market’s climb

One of Wall Street’s favorite tools could be deepening the growing chasm between America’s rich and poor.

Since 2008, companies in the United States have spent a stunning $5.1 trillion to buy back their own stock, according to Birinyi Associates. Shareholders love buybacks, because they boost stock prices by making shares scarcer.