The U.S. economy can be broadly understood by examining the dynamics of its three primary consumer classes: the wealthy elite, the middle class, and the working class. These groups have experienced varied effects stemming from the COVID era, with differing economic advantages and challenges. This division mirrors historical societal structures, such as the patricians, plebeians, and slaves of Rome, or the aristocrats, clergy, and commoners of pre-Revolutionary France. Just as societies have often been organized into tiers, the modern U.S. economy presents a similar tripartite structure, wherein each class has responded differently to the economic environment shaped by pandemic-driven policies and market forces.
The Wealthy Elite: The “Golden Decile” and Surging Assets
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