New York, NY – December 6, 2023
Contrary to conventional economic trends, a recent study by Pew Research has unveiled a surprising shift in wealth dynamics during the early stages of the pandemic, showcasing that middle-class and lower-income Americans experienced a more rapid growth in wealth compared to their high-earning counterparts.
The findings reveal a remarkable surge in the median wealth of lower-income households, skyrocketing by an impressive 101 percent between December 2019 and December 2021. Meanwhile, the middle class also witnessed a substantial increase of 29 percent during the same period. In contrast, upper. . .