Wealth Inequality and COVID-19: Evidence from the Distributional Financial Accounts
Abstract: A wide range of economic activity has been severely disrupted by the COVID-19 pandemic, while others have been remarkably resilient throughout the restrictions placed on our physical interactions. The unique pattern of income losses, spending reductions and substitutions, and government relief raise many questions about how different groups fared economically over the last year.
Part of Series: FEDS Notes
Publication Date: 2021-08-30