{"id":23858,"date":"2024-04-01T11:10:02","date_gmt":"2024-04-01T11:10:02","guid":{"rendered":"http:\/\/wp.todaytradenews.com\/2024\/04\/01\/the-wealth-of-the-1-just-hit-a-record-44-trillion\/"},"modified":"2024-04-01T11:10:21","modified_gmt":"2024-04-01T11:10:21","slug":"the-wealth-of-the-1-just-hit-a-record-44-trillion","status":"publish","type":"post","link":"http:\/\/wp.todaytradenews.com\/2024\/04\/01\/the-wealth-of-the-1-just-hit-a-record-44-trillion\/","title":{"rendered":"The wealth of the 1% just hit a record $44 trillion"},"content":{"rendered":"<p>**Article Analysis:**<\/p>\n<p>**Highlights:**<br \/>\n1. The wealth of the top 1% in the U.S. reached a peak of $44.6 trillion by the end of the fourth quarter. This increase was primarily driven by a surge in stock market values, with the value of corporate equities and mutual funds held by the top 1% rising significantly.<br \/>\n2. The unprecedented wealth boom that began in 2020 due to the Covid-19 pandemic market surge has seen the wealth of the top 1% grow by nearly $15 trillion, marking a 49% increase. Middle-class Americans have also experienced a rise in wealth during this period.<br \/>\n3. The article discusses how the rising stock market is positively impacting consumer spending through the &#8220;wealth effect,&#8221; where consumers and investors feel more confident spending and taking risks when their stock holdings perform well.<\/p>\n<p>**Summary:**<br \/>\nThe article reports that the wealthiest 1% in the U.S. have seen their wealth hit a record high of $44.6 trillion at the end of the fourth quarter, largely due to a surge in stock values. This increase continues a trend of unprecedented wealth growth that began during the Covid-19 pandemic. The rising stock market has contributed to consumer spending through the &#8220;wealth effect,&#8221; boosting confidence and economic growth. However, the data also underlines the existing disparity in stock ownership, with the top 1% owning a significant portion of individually held stocks, highlighting the unequal distribution of wealth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>**Article Analysis:** **Highlights:** 1. The wealth of the top 1% in the U.S. reached a peak of $44.6 trillion by the end of the fourth quarter. This increase was primarily driven by a surge in stock market values, with the value of corporate equities and mutual funds held by the top 1% rising significantly. 2. [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":23863,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[125],"tags":[2421,65,124,14373,145,14619,588,144,4956],"_links":{"self":[{"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/posts\/23858"}],"collection":[{"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/comments?post=23858"}],"version-history":[{"count":0,"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/posts\/23858\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/media\/23863"}],"wp:attachment":[{"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/media?parent=23858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/categories?post=23858"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/wp.todaytradenews.com\/wp-json\/wp\/v2\/tags?post=23858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}