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Data released by the Federal Reserve on Thursday shows the top 1% of Americans are the richest they’ve ever been. The new data reveals that at the end of the fourth quarter last year they had a record $44.6 trillion in wealth. That’s up from $30 trillion in 2020. The main driver of wealth gains last year was from the stock market hitting record highs. While wages are increasing for average Americans, the top 1% is gaining wealth at a much faster pace. The wealth of U.S. billionaires is currently at $5.5 trillion, which is up 88% since the start of the Covid-19 pandemic. The nation’s rich accru…

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