Income inequality was put on ‘steroids’ thanks to the pandemic, says ex-Goldman Sachs chief investment strategist

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Income inequality was put on ‘steroids’ thanks to the pandemic, says ex-Goldman Sachs chief investment strategist - Fortune

Quick Summary:

Although the wealth of U.S.households overall increased by 30% to $166,900 from 2019 to 2021, half of America’s poorest households had a net worth of $500 or less.The solution?

Of course, workers feeling like they’re missing out on opportunities and earning power impacted last week’s presidential election results.

In the years since the pandemic, many Americans have enjoyed a wealth boost thanks to rising wages and a booming housing market.