That's in large part because of the sizzling stock market . The US poverty rate declined during the first few months of the pandemic, in large part because of the federal government's stimulus checks. For those with a high school education or less, the poverty rate has surged to 22.5%, compared to 17% in June. The stock market is at record highs, the housing market is booming and Big Tech is thriving. Surging housing, stock marketsThe stock market has played a significant role in the divide between rich and poor.

Source: CNN January 26, 2021 15:00 UTC