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  • My “Wealth Disparity Monitor” of the Fed’s Money Printer Era, September 2023: Now There’s Inflation, QT, and Rate Hikes

My “Wealth Disparity Monitor” of the Fed’s Money Printer Era, September 2023: Now There’s Inflation, QT, and Rate Hikes

September 25, 2023

by Wolf Richter Wolf Street

It’s just not the same anymore with QT and rate hikes. Household balance sheets by wealth category.

The Fed released its always shocking quarterly data on the distribution of wealth on Friday. It divides US households by category of wealth: The “Top 0.1%,” the “Remaining Top 1%,” the “Next 9%,” the “Next 40%, and the “Bottom 50%.”

What’s always shocking – though we’ve known it all along – is the huge wealth disparity between these groups of households, even between the “Top 0.1%” and the “Remaining 1%,” and even between the “Top 0.1%” and the “Next 9%.”