US wealth, income concentration resume upward climb in post-pandemic era
Written by Black Hot Fire Network on October 9, 2023
WASHINGTON, Oct 9 (Reuters) - 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.
Recent data from the Federal Reserve shows the top 1% of households by income held roughly 26.5% of . . .
