The pandemic has widened the wealth gap

Usually a recession makes people poorer. The Covid-19 induced recession hasn’t. Because people have been saving, and because house prices have continued to grow, wealth has increased even as economic growth took a dunking. As households have saved money, many of them will come out of the pandemic with lower debts.

However, the distribution of this wealth increase is not very even. In fact, it is spectacularly tilted towards the wealthiest.

That’s the headline from the Resolution Foundati...