The bottom 50% increased their share of the nation’s net worth, largely due to transfer payments:
https://fred.stlouisfed.org/series/WFRBSB50215
The 50th-90th percentile decreased their share during the pandemic:
https://fred.stlouisfed.org/series/WFRBSN40188
The 90th-99th percentile also decreased their share during the pandemic:
https://fred.stlouisfed.org/series/WFRBSN09161
However, something different happened with the top 1%:
https://fred.stlouisfed.org/series/WFRBST01134
“The rich need to pay their fair share”.
Seems like one half of the population is being set against the other half, with a very tiny portion cashing in on the conflict.
If this trend continues, it won’t end well.
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