the nation’s top 1% continue to make money at an almost incompre

Avalon - the nation’s top 1% continue to make money at an almost incomprehensible rate. As of the second quarter of 2024, their wealth amounted to $46.71 trillion, according to Federal Reserve data. That’s up more than 50% from 2020’s $30.35 trillion — and more than the combined GDP of the U.S. and China in 2023, which totaled $45.15 trillion, per the World Bank.