According to a new survey from the Federal Reserve, income inequality grew during the pandemic.

<div class="block">According to a new survey from the Federal Reserve, income inequality grew during the pandemic.</div>

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Income Inequality Grew During Pandemic

And staying on the subject of COVID-19. According to a new survey from the Federal Reserve income inequality grew during the pandemic. The survey of consumer finances found that between 2019 to 2022 American families on average saw rise in income, but that was the highest among high earning white families. At the same time, median income for black and Hispanic families fell during this time. The lowest earning household saw a 2% decline on income during those years.