Breaking News: Stimulus Only Helped Wealthy

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Mark Melin
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Updated on
Stimulus wealth shared

During a period of lavish U.S. Federal Reserve quantitative easing, only the wealthy experienced economic benefit, a new study from the Fed showed. Fed stimulus: Wealthiest population US income rise to 30.5% The Fed study from 2010 to 2013, first reported by Bloomberg, shows that the wealthiest 3 percent of the population saw their share of total US income rise to 30.5 percent, up from this group taking 27.7 percent of all income in 2010. While the wealthy were taking a larger percentage of total income, the median income for all families dropped 5 percent from 2010 to 2013. Such findings…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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