Household Wealth Is Back To Its Pre-Crisis Level, But It’s Mostly Flowing To The Rich

Household Wealth Is Back To Its Pre-Crisis Level, But It’s Mostly Flowing To The Rich: The Great Recession destroyed trillions of dollars in wealth and economic output. Amd in what looks like a measure of good news, most of the household wealth that was vaporized is back. However, it’s almost all going to the rich: Surging stock prices and steady home-price increases have finally allowed Americans to regain the $16 [...]/p