Earlier quoted context omitted.
In what sense did the "American Dream" take a shock in 2020? Iirc, by far the greatest %-age net worth growth in 2020 was among the bottom 50%: greater than the growth in the top 10% or top 1%.
> Iirc, by far the greatest %-age net worth growth in 2020 was among the bottom 50%: greater than the growth in the top 10% or top 1%. That’s not true at all. By far most gains were captured by the wealthy: https://www.cnbc.com/2021/06/23/how-much-wealth-top-1percent...
The problem with that analysis is that it implies a 1%/1% growth (for rich/poor respectively) is preferable to a 2%/6% growth.