Profstonge Weekly

Profstonge Weekly

The Rich get Richer. Thanks to the Fed.

Peter St Onge's avatar
Peter St Onge
Apr 12, 2024
∙ Paid

The rich are getting richer, the poor are getting poorer, and it’s all thanks to the Federal Reserve.

Last week the Fed released a new study that wealth of the top 1% in America hit an all time high of $45 trillion. That's up $15 trillion, or 50% from 2020.

Put differently, the pandemic has been just about the best thing to happen to America's rich in, oh…

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