The top 1% of US households have gained +$31 trillion in net worth since 2020, now worth $60+ trillion.
Meanwhile, the bottom 50%, or ~67.4 million households, are worth just $4.3 trillion.
The US is facing its biggest wealth divide in history, and it's only going to get worse.
https://bird.makeup/users/kobeissiletter/statuses/2106396378259681615
The middle class is gone.
According to Fed data, the top 1% of Americans now control ONE-THIRD of all US net worth.
Since 2020, the top 1% have gained +$30 TRILLION in net worth, while the bottom 50% are worth just $4.3 trillion.
What is happening? Let us explain.
(a thread)
