While ordinary Americans have struggled with w/inflation & and declining real incomes over the last 3 years and now face the least affordable housing market ever the top 0.1% again sees record wealth.

$18.6T of wealth in the hands of just 132K households having increased by $5.2T since 2020.

The minimum cut-off to be in the top 0.1%?

$38.2M as of 2019.

Given the record of Fed policy errors in recent years ('inflation transitory' with over-easy policies and now the process of fixing the policy error with aggressive tightening) the data results send an unmistakable message:

Fed policies have disproportionat ely benefitted the top 0.1% at the expense of the vulnerable & poor in society with added pressure on the middle class. Inflation helps the wealthy as their investment asset values rise more than offsetting any increases in prices of goods and services.

The majority pays for the Fed's policy mistakes while the ultra wealthy minority benefits with ever more wealth as the middle class keeps shrinking.

The Fed claims to be in service for all Americans, yet the results show that not to be true.

The true tragedy here is that the Fed is not held account for this blatant disparity and faces no consequences for this dismal record while ordinary Americans have no recourse, voice or say in the matter while the top 0.1% are laughing all the way to the bank.

While so many are busy expressing outrage over various buzzwords & cultural issues on social media they are distracted from the real war, the one that has the most impact on their economic lives, yet the war most are not even aware of that has been raging behind the scenes for decades.

Nothing has changed other than wealth inequality getting ever more extreme.