The bottom 90% in the US saw their debt increase by $300 billion over the last year — the largest annual gain on record. As for the wealthy? Not so much

The wealth gap widened substantially this year. That’s according to recent data published by the U.S. Federal Reserve.

The Fed’s analysis of household wealth distribution indicates a sharp increase in consumer debt for nearly all Americans. However, the data also shows that the wealthiest Americans (the top 10%) have avoided this debt explosion.

Here’s a closer look at what’s going on.

Vishesh Raisinghani | Yahoo Finance

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