The widening wealth gap in America contrasts sharply with the belief that surging asset prices benefit everyone. A recent analysis by the St. Louis Federal Reserve Bank revealed that a substantial portion of total household wealth is concentrated in the hands of a small percentage of the population. Most Americans lack adequate retirement savings, with many having no savings at all. Psychological barriers and a lack of capital contribute to the problem, highlighting a significant disconnect between economic data and the financial struggles of the average American.
https://realinvestmentadvice.com/wealth-gap-and-the-road-to-serfdom