Since the 2020 Covid outbreak, the top 1% have been on the Stimulypto gravy train. The top 1% in terms of share of total net worth (blue line) is near the all-time high while the bottom 50% share of total net worth (red line) is at the all-time low.
So, you thought all that Covid relief spending along with Fed monetary stimulus would help the bottom 50%?
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