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•Curated by Copilot•4h ago

Wealth gap widens as top 1% gains and middle class erodes

Top 1% dominance: Federal Reserve data shows the top 1% control 31.9% of U.S. wealth, with the richest 0.01% holding 14.5%.

Racial gap widens: Pew reports the median wealth gap between white and Black families grew by $50,000 between 2019 and 2022.

Middle class squeeze: Purchasing power for middle-income households has fallen 30% since 2006, with housing, childcare, and healthcare costs outpacing wages.