- Of those earning $100,000 or more, 59% have increased their
savings during thepandemic , $4. - Only 28% of those making less than $35,000 saved more.
- It's evidence of $4, in which the wealthy are recovering and others are struggling.
High earners are continuing to fare well during the pandemic.
Fifty-nine percent of those with a household income of $100,000 or more have increased their savings, $4. By comparison, only 28% of those earning less than $35,000 were able to save more. (The study surveyed 1,200-plus Americans in December.)
The savings cushion has created a sense of optimism for the six-figure households, 46% of whom think they'll have more money in savings this time next year, per the survey. That compares to 28% of those making less than $35,000.
That's likely because 41% of those earning less than $35,000 decreased their savings during the pandemic, compared to 17% of six-figure earners.
It's all more evidence of America's $4, in which those at the top are seeing jobs recover and their $4 while the bottom of the K $4.
Fewer things to spend on and a strong stock market
With the experience
In March, Federal Reserve Chairman Jerome Powell implemented a policy known as quantitative easing, in which the central bank $4, making credit more readily available in the wider economy. Companies in sectors heavily impacted by the pandemic rushed to raise new funding,$4 and Powell also kept interest rates low to encourage spending.
This flood of money set the stock market on a path to recovery after a dramatic drop in the early moments of the pandemic, as the
Meanwhile, many Americans were left waiting out $4 before a second stimulus package was passed, with individuals $4 and many small businesses $4. Some had to $4 they did have to cover Christmas expenses before $4 of stimulus checks.
It's no wonder, then, that their bank accounts are looking a lot skinnier than those on the other side of the wealth gap.