Connect with us

Hi, what are you looking for?

Ultimate NewswireUltimate Newswire

Politics

Joe Biden’s America: Wealthiest 1% Set Record with $44 Trillion Total Net Worth

via FOX 4 Dallas-Fort Worth

According to recent data, the wealthiest 1% of Americans saw their net worth reach a record $44 trillion in Q4 2021, highlighting the ongoing widening of the wealth gap under President Biden.

A majority of Americans still live paycheck to paycheck, despite Biden casting his administration as opposed to growing inequality.

A Fox News poll found more voters say they are worse off financially since Biden took office.

The data showed the top 1%’s gains came entirely from surging stock holdings, with their equity and mutual fund shares rising by $2 trillion last quarter.

Since 2020, the top 1%’s wealth has increased nearly $15 trillion or 49%, though middle-income Americans have also seen rising wealth.

The findings raise questions about whether Biden’s economic policies have truly helped average Americans.

You May Also Like

U.S. News

Judge Arthur Engoron, who issued a $454 million fine against Donald Trump in a civil fraud trial, is under investigation for allegedly having an...

Media

Legal experts have recently discussed the importance of maintaining the order of documents that are seized or produced as evidence, as the order can...

Politics

Talk show host Bill Maher criticized Democrats for failing to hold Trump accountable, saying the Stormy Daniels case in Manhattan may be their last...

Media

An associate dean tasked with upholding gender equality at Columbia University muted a professor during a faculty meeting after she warned about groups with...

U.S. News

The Biden Administration announced its second allocation of military aid to Ukraine totaling $60 million. The package includes weapons Ukraine has requested like Patriot...

Entertainment

Michael Cohen, Donald Trump’s former attorney and adviser, is set to testify over several days in an ongoing investigation into Trump’s business dealings. However,...

Media

The DC Circuit Court of Appeals upheld Steve Bannon’s criminal contempt of Congress conviction for refusing to comply with a subpoena from the House...

Most Recent

World

Swiss rapper Nemo won the 68th edition of the Eurovision Song Contest with their song “The Code”, becoming the first non-binary performer to win....

Media

Legal experts have recently discussed the importance of maintaining the order of documents that are seized or produced as evidence, as the order can...

Entertainment

Michael Cohen, Donald Trump’s former attorney and adviser, is set to testify over several days in an ongoing investigation into Trump’s business dealings. However,...

U.S. News

Judge Arthur Engoron, who issued a $454 million fine against Donald Trump in a civil fraud trial, is under investigation for allegedly having an...

Advertisement