“In analyzing the trends, Pew points out that the wealthiest households are the only ones to have seen gains in wealth after the start of the Great Recession. Between 2007 and 2016, the median net worth of the top 20% increased 13% to $1.2 million.
“Meanwhile, the lowest earners saw their wealth decrease by at least 20% over that period of time.
The result is that the wealth gap between America’s richest and poorest families has grown into a chasm — more than doubling between 1989 and 2016.”