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Wealth & Income Trends

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Cal Berkeley professor Robert Reich claims that the “ultra-wealthy and Wall Street will make out like bandits during the second Trump term” while “everyone else will be left behind.”

IN FACT, the only period of modern history in which wealth inequality declined was the three pre-Covid years of Trump’s presidency.

Real median family wealth rose 3% for whites, 33% for blacks, and 65% for Hispanics.

And real median household cash income grew by 8%, versus 1% in the first 3 years of Biden’s presidency:

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