The top 1% officially have more money than the whole middle class
, the middle 60% of American households by income now cumulatively hold less in assets than the top 1%. It's the latest data point in a trend of increasing wealth concentration for the top and stagnation for everyone else. , as of the second quarter of 2021, the top 1% of Americans by income had an aggregate net worth of $36.
2 trillion, edging out the aggregate net worth of the middle 60% of $35.7 trillion. That's the first time the total wealth of the top 1% has been higher than the middle 60% since theBoth the top and the middle have added quite a bit to their aggregate wealth since the beginning of the pandemic. Government stimulus and social support packages over the last year and a half
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