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One chart shows how the top 1% of Americans have grown their wealth in the last 20 years

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From the end of 2019 to 2020, the top 1% of Americans added just about $4 trillion to their wealth. 

According to data from the Federal Reserve, the top 1% of Americans held about $34.58 trillion in the fourth quarter of 2019. By the fourth quarter of 2020, they had $38.61 trillion.

They gained just about that much in 2019 too; the top 1% had $30.35 trillion in the fourth quarter of 2018, and had $34.58 trillion by the end of 2019.

Meanwhile, the bottom 50% of Americans don’t even hold as much wealth in total as details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com