Believe it or not, most Americans are in better financial shape as a result of the pandemic. America has a cash glut. Is this the moment to shift the tides of wealth inequality?
Both the Trump and Biden administrations have pumped trillions of dollars into the economy via stimulus packages. Home values are exploding, a windfall for existing homeowners. The stock market has been absolutely crushing it, inflating the net worth of investors and widening the wealth inequality gap between investors and non-investors. Plus, with pandemic restrictions, we’ve simply been spending less.
Those that are home owners, stock market investors, and beneficiaries of the 2020 and 2021 stimulus checks have seen their income and net worth rise dramatically since 2019.
Who’da thunk it? And where do we go from here?
Continue reading “Wealth Inequality: Can We Solve This?”