Anyone surprised by this?
“The richest Americans are emerging from the coronavirus pandemic with their share of wealth and income on the rise again despite some thought that the tight job market and hefty wage gains spawned by the crisis might narrow the gulf between rich and poor,” Reuters reports.
“Recent data from the Federal Reserve shows the top 1% of households by income held roughly 26.5% of household net worth at the end of June, up about 1.5 percentage points since 2019, the year before the pandemic bounced the economy between recession, massive government stimulus and high inflation.”