Disparities in wealth distribution by age have slightly narrowed since the beginning of the pandemic. This change was likely driven by expanded ownership of financial assets among younger Americans.| Liberty Street Economics
Wealth disparities between Black, Hispanic, and white households have been exacerbated since the pandemic, likely due to rapid growth in financial assets more often held by white individuals.| Liberty Street Economics
I’ve written numerous times about generational wealth on this blog. My biggest post was one comparing different generations using the Fed’s Distributional Financial Accounts back in Sep…| Economist Writing Every Day