Connect with us

Hi, what are you looking for?


Joe Biden’s America: Wealthiest 1% Set Record with $44 Trillion Total Net Worth

via FOX 4 Dallas-Fort Worth
This article was originally published at Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak, UltimateNewswire and others. To learn more about syndication opportunities, visit About Us.

According to recent data, the wealthiest 1% of Americans saw their net worth reach a record $44 trillion in Q4 2021, highlighting the ongoing widening of the wealth gap under President Biden.

A majority of Americans still live paycheck to paycheck, despite Biden casting his administration as opposed to growing inequality.

A Fox News poll found more voters say they are worse off financially since Biden took office.

The data showed the top 1%’s gains came entirely from surging stock holdings, with their equity and mutual fund shares rising by $2 trillion last quarter.

Since 2020, the top 1%’s wealth has increased nearly $15 trillion or 49%, though middle-income Americans have also seen rising wealth.

The findings raise questions about whether Biden’s economic policies have truly helped average Americans.

You May Also Like