Wealth gap widens as top 1% see exponential wage growth

The top 1% of American earners now own more wealth than the entire middle class, according to Federal Reserve data. The top 1% holds $38.7 trillion in wealth, surpassing the combined wealth of the middle class. Real estate, stocks, and owning a private business are key factors contributing to the concentration of wealth among the rich. While economists debate the implications of this wealth disparity, stagnant wages and wealth among the middle class hinder economic growth and opportunity. Homeownership, investing in stocks, and pursuing education are suggested strategies for middle-class Americans to access economic opportunities.