and yet the wealth devide keeps growing, and more and more people are living paycheck to paycheck.
I’m actually go with “you are wrong”. Under Biden, the wealth gap has grown in absolute dollars, but only because the wealthy had so much more to start with. Lower income families saw much higher percentage growth in wealth and income. Mathematically, it will take a long time for lower income families to catch up, but this is a good trend.
I’m actually go with “you are wrong”. Under Biden, the wealth gap has grown in absolute dollars, but only because the wealthy had so much more to start with. Lower income families saw much higher percentage growth in wealth and income. Mathematically, it will take a long time for lower income families to catch up, but this is a good trend.
https://www.stlouisfed.org/open-vault/2024/feb/us-wealth-inequality-widespread-gains-gaps-remain