The latest (Dec. 9) Federal Reserve Flow of Funds ("Financial Accounts of the United States,” https://www.federalreserve.gov/releases/z1/) report shows that total household wealth in the United States has been rising rapidly in the past two years, reaching a record $142 trillion after jumping by 4.3% just in the second quarter of 2021. It is up $31 trillion—more than 30%—just in the year to June 2021, thanks to immense Federal Reserve and Treasury money issuance, marking the COVID pandemic as the greatest transfer of wealth in U.S. history.
US and Canada Paid
U.S. Household Wealth Rising for a Few, Dropping for Many
View PDF
Paid
About the author
Latest articles
Related coverage
-
In-Depth
White House Lighting a Crypto Fuse Under Volatile Treasury Market
-
In-Depth
The Battle in the United States: LaRouche’s Physical Economy vs. Clones of Soros and Schacht
-
In-Depth Paid
U.S. Presidential Election: Stunning Revolt Against the Establishment, But They Still Don’t Get It
-
weekly Paid
Ukraine’s ‘Molfar’ Hit List Puts Bullseye on J.D. Vance While Congress Pushes Back
