Nearly $10 Trillion in US Wealth Wiped Out by 2022 Stock Market Losses, Equal to 43% of GDP - Fed

During the COVID-19 pandemic, the wealth of the world’s 10-richest people doubled, reaching six times that of the poorest 3.1 billion people. Emergency measures such as a moratorium on foreclosures, evictions, and student loan payments helped forestall greater loss in the US, but those programs have since been ended, threatening new impoverishment.