2019-07-01 — caseyresearch.com
... the average U.S. household has lost an estimated $4,236 in interest income due to the Fed's low interest rates (as opposed to a "normal" rate environment). In total, this has funneled $51.8 billion from the pockets of American savers into the coffers of Wall Street banks.
According to a report from the People's Policy Project think tank, the wealth of the bottom 50% is down $900 billion over the past 30 years.
Meanwhile, the wealth of the top 1% has increased by $21 trillion. Digging deeper, we found that at least $5 trillion of this was taken away from average investors, like you and your fellow readers.
Without getting too deep into how this "theft" occurred, I can tell you that the financial elites created a private investment market. Then they restricted access to this massive market to only themselves... cutting the rest of America out of the deal.
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