Abstract
The term wealth in wealth inequality is referred to the total asset of a household, and the wealth inequality implies the uneven distribution of wealth within a community. While many papers have discussed and investigated the change in wealth inequality in the past, this paper aims to investigate the change in wealth inequality during the COVID-19 pandemic (Q4 2019 to Q2 2022) in the United States. This approach was to take a snapshot of the wealth distribution of the top 0.1% and the bottom 50% at the start of Q4 2019 and forecast the change in wealth from changes in asset prices. Conclusive evidence from this paper and from prior research indicates that wealth inequality and the Federal Reserves monetary policy are inversely proportional; in other words, as the FED loosens its policy, wealth inequality expands.
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