Recent data from the Federal Reserve reveals that the wealth of the top 10% of Americans increased by $5 trillion in the second quarter of 2023, reaching a historic total of $113 trillion. This growth is part of a broader trend where the top 10% have added over $40 trillion to their wealth since 2020. The top 1% alone saw their wealth rise by $4 trillion, marking a 7% increase, while the top 0.1% experienced a 10% growth. Despite these gains, the distribution of wealth among the upper echelon has remained stable over the decades. The stock market has been the main catalyst for this wealth increase, with the top 10% holding over 87% of corporate equities. This concentration of wealth has led to a bifurcated economy, where the top 10% accounted for nearly half of consumer spending in Q2 2023, raising concerns about economic stability if stock market values decline.