Federal Reserve Says American Household Wealth Has Rebounded
The Fed says gain in the stock market helped household wealth bounce back from the plunge in March.
The Federal Reserve said today Americans household wealth has rebounded to a record high. But that's not the whole story.
The Fed says gain in the stock market helped households wealth bounce back from the plunge in March.
But... Note...most of those gains went to the most affluent households.
For many of the rest. The story remains skyrocketing unemployment.
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