How the Fed Boosts the 1%: Even the Upper Middle Class Loses Share of Household Wealth to the 1%. Bottom Half Gets Screwed

Yves here. Wolf Richter gives an important, granular take on the way the top 1% is pulling even further away from everyone else in wealth accumulation, enabled by the Fed. There’s a lot of anecdotal confirmation for his view that even the top 10% ex the 1% ar…
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