According to Fed c. 28% of increase in US liquid assets from Dec 2019 to Sep 2020 went to Americans in top 1% of income

Americans have saved c. $1.8trn more than they normally would have since January 2020 (ignore mislabeling of this excellent chart) But who has accumulated most

RIP Jonathan Steinberg (1934-2021) A great historian and teacher, a wonderful mentor and friend. The first true Mensch I met at Cambridge. My thoughts with