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.
