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Poorest Americans See Record Increase in Wealth Since the Pandemic

After the crash of 2008, the bottom half of U.S. households saw their share of the country’s wealth plunge close to zero. This time, so far, it’s different.

Since the pandemic began last year, there’s been the biggest increase on record in the wealth share held by the poorest 50% of Americans, according to Federal Reserve data published Friday. It rose to 2.5% as of Sept. 30, from 1.8% at the end of 2019 -- after reaching a low of 0.3% a decade ago.