Since the beginning of the COVID-19 pandemic, the richest 1% of Americans have seen their wealth increase by $12T. These figures have just been released by the Fed. The wealth of the richest 1% of Americans now reaches $45.9T, or 32.2% of America's total wealth.
In contrast, the wealth held by the poorest 90% of Americans has fallen in 2021 from where it…
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