What is the reality of the $17 trillion increase in Americans' wealth? Economist: Donald Trump promised in the 2024 election campaign that he would usher in a glorious new era for American workers. But in practice, many of those he claimed to be helping suffered; while wealthier Americans increased their wealth. Consider the stock market: many investors have benefited from the AI ​​boom; A boom that increased the value of the S&P 500 index. But these profits are unequally distributed. According to this chart, almost 90% of the total increase in the wealth of Americans in the area of ​​stocks and mutual funds from the end of 2024 until today is 90% of the richest 10% of households; While the share of the bottom 50% of society was only 0.6%.

What is the reality of the $17 trillion increase in Americans' wealth? Economist: Donald Trump promised in the 2024 election campaign that he would usher in a glorious new era for American workers. But in practice, many of those he claimed to be helping suffered; while wealthier Americans increased their wealth. Consider the stock market: many investors have benefited from the AI ​​boom; A boom that increased the value of the S&P 500 index. But these profits are unequally distributed. According to this chart, almost 90% of the total increase in the wealth of Americans in the area of ​​stocks and mutual funds from the end of 2024 until today is 90% of the richest 10% of households; While the share of the bottom 50% of society was only 0.6%.