The top 1% of US households have gained +$31 trillion in net worth since 2020, now worth $60+ trillion. Meanwhile, the bottom 50%, or ~67.4 million households, are worth just $4.3 trillion. The US is facing its biggest wealth divide in history, and it's only going to get worse.

The Kobeissi Letter

@kobeissiletter · Twitter · 2026-10-03 14:50 UTC

The middle class is gone. According to Fed data, the top 1% of Americans now control ONE-THIRD of all US net worth. Since 2020, the top 1% have gained +$30 TRILLION in net worth, while the bottom 50% are worth just $4.3 trillion. What is happening? Let us explain. (a thread)