Quartz did a good write up of some research by the Minneapolis Fed on the differential impact of the recent crisis on different income strata. In general recessions hit top incomes hardest. They have the most to lose and their incomes derive disproportionately from profit which fluctuates most in crises. 2007-2010 hit top incomes hard. But what was remarkable about it was how badly low incomes were affected.

Chartbook #140: China-Taiwan-Pelosi special
Crashing Weibo US House Speaker Nancy Pelosi’s visit to Taiwan briefly crashed Weibo, the Chinese equivalent of Twitter, as millions in the country discussed and